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INVESTMENT HIGHLIGHTS
- Automotive/Gas Station zoning on a prime corner in Carmel-by-the-Sea.
- Lease guaranteed by Chevron Corporation (S&P: AA-), one of the world’s leading integrated energy companies.
- Strategically positioned on a hard corner at Rio Road and Cabrillo Highway (Highway 1).
- Full Triple Net (NNN) Ground Lease with zero landlord responsibilities.
- Chevron has operated at this location since 1965, demonstrating exceptional tenant performance and commitment.
- Adjacent to The Crossroads Carmel Shopping Center, a dominant retail hub anchored by Safeway.
EXECUTIVE SUMMARY
NNN Ground Lease in the Highly Coveted Carmel Market
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Service Station
Building Size
1,944 SF
Building Class
C
Year Built
1968
NOI
$244,244 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.50 AC
Parking
5 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
174’ on Rio Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 009-562-014-000 | Improvements Assessment | $2,442,626 CAD |
| Land Assessment | $5,037,917 CAD | Total Assessment | $7,480,543 CAD |
PROPERTY TAXES
Parcel Number
009-562-014-000
Land Assessment
$5,037,917 CAD
Improvements Assessment
$2,442,626 CAD
Total Assessment
$7,480,543 CAD
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Chevron | 3645 Rio Rd
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