200 Five Cities Drive, Pismo Beach, CA 93449

$1,390,000
2,696
SqFt
List Price
$1,390,000
Price Change
▼ $110,000 1574758810
Status
ACTIVE
MLS#
SR19219250
Year Built
1962
Living Sq. Ft
2,696
Days on Market
258
Property Type
Commercial
Property Sub Type
Retail

Property Description

200 Five Cities Drive., operating as Pismo Beach Shell Gas & Sams Food Market is a two-story, single tenant fuel station and convenience store located in the City of Pismo Beach, California. The building construction is of unknown framing with a pitched metal Loc-Panel roof and painted stucco exterior. Development was completed in 1997 and per city building permits, the structure consists 2,696+/- square feet of improvements, situated on a 12,555+/- square foot lot, currently zoned C1 with a use code of retail gasoline station and convenience store. The Fee-Simple Shell Gas Station features a convenience store, water & air station, 6 on-site parking spaces, picnic area and four dual-sided fuel dispensers providing a total of 8 gas pumps. The current tenant, Valley Convenience Stores, Inc. is operating on the second option of an absolute NNN lease. The tenant is paying fixed annual rental rate of $26.71, which calls for 0 increases through both the current option expiring in 2027 and subsequent following option expiring in 2037. The subject property is situated off of Five Cities Dr. on the South 101 Corridor. The property is centrally located on a highly trafficked street averaging a traffic count of 15,700 cars in 2017,

Additional Information

Water
Public

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Listing courtesy of Raymond Rodriguez from Keller Williams Realty Calabasas

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.