Rocket (United Pacific)

6422 Betty Drive, Visalia, CA 93291

$6,250,000

Cap Rate 6.00%

Views: 119 DOM: 316 Updated: 10.25.24 Posted: 02.09.24 Status: Active

Summary

Price $6,250,000	Built/Renov 2021	Tenant Rocket (United Pacific)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,204	Lease Start 09-16-2021	#Units 509
Price/SF $1,950.69	Expiration 09-15-2041	Tenant Type Convenience/Gas
NOI $375,000	R. Term 16.9	Ownership Fee Simple
Rent/SF $117.04	Increases 7.5%/5/yrs	Pop 5Mi 20,345
Lot/AC 2.11	Options 4/5yrs/7.5%	AHHI 5Mi $110,146

Klinton Lewis

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Contact

Lease Highlights

Rocket has 15+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 7.5% rental increases every 5 years throughout the initial term and each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Rocket (United Pacific) is strategically located on Highway 99, with access to a substantial daily traffic count of 62,885 vehicles. The property features a convenience store, 2 car washes, 3 - 8 gas pumps, 4 - 4 Diesel pumps, and 5 tank drops. Additionally, it is conveniently surrounded by well-known national tenants, including Napa, Subway, Starbucks, Harley Davidson, Chevron, and more. The...

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Key Features

Build to suit
Strategically located
Freeway visibility
Highway location
Affluent AHHI $100K 5 Mi
Major MSA
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee

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Links

Rocket (United Pacific) Wikipedia Visalia, California Zip Code 93291 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Rocket
Guarantor:Corporate
Company:United Pacific
# Units:509
Stock:Private

About Tenant

United Pacific is one of the largest independent owners, operators, and suppliers of gas stations and convenience stores in the Western United States. The company operates its retail and wholesale...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,996	7,795	23,790
2023 Total Population :	2,829	6,415	21,942
2023 Employed Civilian Pop :	1,091	2,612	10,072
2023 Total Businesses :	79	480	1,013
2023 Average Household Income :	$ 70,109	$ 78,042	$ 131,371
2023 Total Consumer Spending :	$ 44 M	$ 113 M	$ 784 M
2023 Median Age :	28	28	34
2023 Total Households :	719	1,671	6,991
2023 Pop Age 25+: Bachelor's Degree :	87	284	2,613
2023 Average Home Value :	$ 256,291	$ 287,179	$ 439,974

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Ave 308	Parson Dr	2005	2,347	0.12 mi
CA 99	State Rte 99	2021	58,500	0.16 mi
Betty Dr	Nutmeg Rd	2006	7,300	0.26 mi
Ave 308	Rd 64	2005	2,183	0.31 mi
Rd 67	Fig Ave	2013	1,650	0.33 mi
Betty Dr	Elder Dr	2005	9,632	0.37 mi
Ave 308	Rd 67	2013	1,000	0.37 mi
Rd 68	Wills Ave	2012	700	0.46 mi
99	Commercial Rd	2018	64,000	0.47 mi
Betty Dr	Camp Dr	2003	5,800	0.48 mi

Listing Broker

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