7560 Sunrise Blvd, Citrus Heights, CA 95610 For Sale

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, investment grade (S&P: A-), AM/PM & Arco investment property located in Citrus Heights, California. The tenant, BP Products North America Inc. recently signed a brand new 15-year lease with 3 (5-year) options and one 4 year 11-month option, demonstrating their long term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. BP Products North America Inc. is the largest oil and gas producer and one of the largest gasoline retailers in the U.S. with more than 15,000 BP, Amoco, and Arco branded stations. In addition, the tenant recently invested over $2M into a state of the art remodel for this location. Potential for significant tax savings via accelerated / bonus depreciation (check with your tax advisor to confirm eligibility).

AM/PM & Arco is strategically located at the signalized, hard corner intersection of Sunrise Blvd and Old Auburn Rd with a combined 50,800 vehicles passing by daily. Sunrise Blvd, is a major retail thoroughfare serving the city of Citrus Heights. Additionally, the property is situated just east of Interstate 80, a major east/west travelling highway which averages 199,000 VPD. Furthermore, the site is positioned just down the road from a Walmart Supercenter and Costco Wholesale anchored center, helping provide crossover consumer traffic to the subject project. Moreover, the property is in the center of a primary retail corridor with other nearby national/credit tenants including The Home Depot, Bel Air, FoodMaxx, Raleys, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 334,100 with an affluent average household income of $122,506.