Greg Malik Real Estate
200 Five Cities Drive
Pismo Beach, CA 93449

$1,700,000

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 and surrounded

Details

MLS#SR18234552
StyleRetail
Sub-TypeResale
StatusActive
Year1997
Days On Site84

Features

SQ Feet2,696
Story(s)0

Market Activity 93449

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Area Information

StateCA
CountySan Luis Obispo
CityPismo Beach
Zip Code93449
AreaPSMO - Pismo Beach
Listing VS Median (in 93449)
Price:
$1,700,000
low | high
Med:
$914,000
96.235294117647% of Average
SqFt:
2,696
low | high
Med:
2,198
68.490356083086% of Average
$ / SqFt:
$631
low | high
Med:
$516
68.161269262996% of Average
On Site:
84
low | high
Med:
132.5
63.396226415094% of Average
Nearby Listings (Within 1/10 mile)
Price: $0 - $0
SqFt: 2,000 - 3,000
Listing Updated: 12/18/2018
MLS Number: SR18234552
Listing Provided By:
Raymond Rodriguez  of  Keller Williams Realty Calabasas
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