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DOM: 126 Updated: 10.16.23 Posted: 05.24.23 Status: Sold 09.27.23

Summary

Price $6,250,000 $6,818,182
Built/Renov 2022
Tenant Rocket (United Pacific)
Cap Rate 6.00% 5.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,490
Lease Start 02-01-2023
#Units 509
Price/SF $1,790.83 $1,953.63
Expiration 01-31-2043
Tenant Type Convenience/Gas
NOI $375,000
R. Term 17.9
Ownership Fee Simple
Rent/SF $107.45
Increases 7.5%/1/yrs
Pop 5Mi 180,264
Lot/AC 3.07
Options 4/5yrs/7.5%
AHHI 5Mi $74,848

Lease Highlights

  • New 2022 construction
  • United Pacific recently signed a brand new 20-year lease with 4 (5-year) options to extend
  • Lease features 7.5% rental increases every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by United Pacific (DBA Rocket)

Location Description

This newly constructed 3,490 square foot gas station and convenience store along with a 780-square-foot car wash is situated on 3.07 acres on the SEC of Nisqualli and Hesperia Road with access to over 43,300 vehicles per day. The site is just 2.5 miles from the on-ramp to I-15 (85,000 VPD) which provides direct access to downtown San Bernardino. south). The location benefits from a built-in...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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

About Tenant

The United Pacific network includes 509 locations, including 453 company operated stores and 56 fee-operated locations. In July 2020, United Pacific acquired 95 stores from Platinum Energy with...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,499 64,428 189,838
2023 Total Population : 9,320 63,941 188,422
2023 Employed Civilian Pop : 3,553 24,643 73,129
2023 Total Businesses : 553 2,881 5,738
2023 Average Household Income : $ 82,241 $ 89,044 $ 89,058
2023 Total Consumer Spending : $ 216 M $ 1586 M $ 4508 M
2023 Median Age : 31 34 34
2023 Total Households : 3,033 20,521 58,356
2023 Pop Age 25+: Bachelor's Degree : 614 4,375 12,260
2023 Average Home Value : $ 450,505 $ 441,632 $ 455,347
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hesperia Rd Nisqualli Rd 2009 34,035 0.08 mi
Nisqualli Rd Enterprise Way 2009 1,931 0.11 mi
Nisqualli Rd 1st Ave 2009 4,446 0.15 mi
Hesperia Rd Comanche St 2009 33,726 0.25 mi
1st Ave Sorrento Ln 2002 2,995 0.31 mi
Silica Dr Hesperia Rd 2004 16,291 0.51 mi
Silica Dr Hesperia Rd 2004 3,924 0.53 mi
Ridgecrest Rd High Crest St 2009 9,223 0.73 mi
Ridgecrest Rd PkGlen St 2009 9,301 0.74 mi
Jasmine St Hesperia Rd 2004 5,601 0.74 mi

Listing Broker

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