Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - San Diego, CBRE - West LA, CBRE - Midtown Manhattan
$1,666,667
United Pacific: Compton, CA
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 479
Pumps 3
Cap Rate 6%
NOI $100,000
Occupancy 100%
Tenancy Single
Brand/Tenant 76 Gas, United Pacific
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/29/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options Three, 5-Year Renewal Options
Year Built 1949
Acreage 0.240
Parking Spaces 4 spaces
Parking per 1,000 SqFt 8.35
Investment Type Net Lease
Lease Commencement 07/01/2014
Ground Lease No
United Pacific Gas Station & Convenience Store | Absolute NNN Lease | Business Not For Sale
Marketing description
CBRE is pleased to offer for sale the 479 SF United Pacific fuel and convenience store located on 0.24 acres in Compton, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±8.0-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
Investment highlights
- Strong Tenant: United Pacific is a joint venture between subsidiaries of Phillips 66 and Fortress Investment Group, LLC. CF United LLC is headquartered in Long Beach, California and operates 511 retail gas stations under the brands of Rocket, United Oil or United Pacific in California, Colorado, Nevada, Oregon and Washington. The majority of the company’s operations are conducted through its wholly owned subsidiary, Apro LLC (Tenant).
- High Barriers to Entry: Irreplaceable location with high barriers to entry for new gas competitors.
- Long-Term Operating History: Operating history of 77 years.
- Intrinsic Underlying Value: Infill location with strong underlying intrinsic value.
- BUSINESS IS NOT FOR SALE
Listing Contacts
Listed by CBRE - Atlanta, CBRE Atlanta, CBRE - San Diego, CBRE - West LA, CBRE - Midtown Manhattan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,000.00
$8,333.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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