United Pacific: Madera, CA
Retail | 5.75% CAP | 6,241 SqFt
Marketing description
CBRE is pleased to offer for sale the 6,241 SF United Pacific fuel and convenience store located on 4.95 acres in Fresno, CA - a component of the Fresno, CA MSA. The site features ±14.0 years remaining with a 7.50% rent increase in 2029, 2034 and in each of the three renewal options (two 5-year options, then one 4-year, 10-month option).
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.
Intrinsic Underlying Value: Infill location with strong underlying intrinsic value.
BUSINESS IS NOT FOR SALE
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