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Views: 130 DOM: 129 Updated: 09.30.24 Posted: 07.15.24 Status: Active

Summary

Price $2,100,000
Built/Renov 1990
Tenant United Pacific | 76 Gas Station
Cap Rate 5.24%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,055
Lease Start 07-01-2014
#Units 509
Price/SF $1,990.52
Expiration 06-30-2034
Tenant Type Convenience/Gas
NOI $110,000
R. Term 9.7
Ownership Fee Simple
Rent/SF $104.27
Increases 7.5%/4/yrs
Pop 5Mi 141,862
Lot/AC 0.21
Options 3/5yrs/7.5%
AHHI 5Mi $123,203

Lease Highlights

  • United Pacific | 76 Gas Station has 9+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 7.5% rental increases on 7/1/29 and at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease
  • NOTE: Business operations is not for sale, only the real estate.

Location Description

United Pacific | 76 Gas Station is strategically located at the signalized, hard corner intersection of N Melrose Drive and Olive Avenue, benefiting from access to a combined daily traffic count of 38,896 vehicles. This prime location ensures high visibility and convenient access for local residents and passing traffic alike. Surrounding the property are well-known national tenants including...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: 76 Gas Station
  • 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
2029 Total Population : 29,086 143,928 275,961
2024 Total Population : 29,402 143,374 274,763
2024 Employed Civilian Pop : 15,235 73,709 139,366
2024 Total Businesses : 1,005 4,772 10,251
2024 Average Household Income : $ 108,075 $ 128,236 $ 130,822
2024 Total Consumer Spending : $ 793 M $ 5253 M $ 10655 M
2024 Median Age : 34 38 39
2024 Total Households : 8,394 47,556 94,589
2024 Pop Age 25+: Bachelor's Degree : 2,792 21,354 45,624
2024 Average Home Value : $ 608,418 $ 826,614 $ 855,350
*ESRI data is presented for informational purposes only

Listing Broker

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