ARCO GAS STATION - LoopNet · 2018. 9. 20. · ARCO GAS STATION NNN RETAIL GROUND LEASE OPPORTUNITY...

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ARCO GAS STATION NNN RETAIL GROUND LEASE OPPORTUNITY Mickey Turpen | 916.784.2700 | [email protected] | CA DRE# 01340787 4400 SUNRISE BLVD | FAIR OAKS, CA 95628

Transcript of ARCO GAS STATION - LoopNet · 2018. 9. 20. · ARCO GAS STATION NNN RETAIL GROUND LEASE OPPORTUNITY...

Page 1: ARCO GAS STATION - LoopNet · 2018. 9. 20. · ARCO GAS STATION NNN RETAIL GROUND LEASE OPPORTUNITY Mickey Turpen | 916.784.2700 | Mick@GallelliRE.Com | CA DRE# 01340787 4400 SUNRISE

ARCO GAS STATIONNNN RETAIL GROUND LEASE OPPORTUNITY

Mickey Turpen | 916.784.2700 | [email protected] | CA DRE# 01340787

4400 SUNRISE BLVD | FAIR OAKS, CA 95628

Page 2: ARCO GAS STATION - LoopNet · 2018. 9. 20. · ARCO GAS STATION NNN RETAIL GROUND LEASE OPPORTUNITY Mickey Turpen | 916.784.2700 | Mick@GallelliRE.Com | CA DRE# 01340787 4400 SUNRISE

Tenant Overview

BP, LLC (formerly British Petroleum) is a multinational oil and gas

company headquartered in London. It is one of the world’s seven

oil and gas “supermajors”, and is the world’s 6th largest oil and

gas company, the 6th largest energy company, and the company

with the world’s 12th largest revenue. BP reported a total

operating cash flow of $17.8 billion for 2016.

In 2000, BP acquired both ARCO and ampm successfully merging

them into BP operations. BP operates in 72 countries and employs

74,500 people worldwide. In the US, BP’s presence includes

7,100 BP and ARCO branded sites, along with close to 1,000

ampm convenience stores in California, Oregon, Washington,

Arizona, and Nevada.

Property Highlights

• BP (The Guarantor) has occupied this location since 1966

• New 12 year NNN ground lease

• No landlord responsibilities

• 3% annual increases

• Has historically sold 150,000 gallons of gas per month

• Over 300,000 residents live within a five mile radius, with an average annual household

income that exceeds $79,000

• Impressive traffic counts with 53,614 cars per day passing through the intersection of Sunrise

Boulevard and Winding Way

• Located in the Carmichael/Citrus Heights/Orangevale retail submarket with 4.6 million square

feet of retail space

• ampm convenience store with an 8 pump ARCO service station

• Extremely accessible retail location at the intersection of Sunrise Boulevard and

Winding Way, with easy access to Highway 50

• Located approximately 2 miles south of the 1.2 million-square-foot Sunrise Mall, which features

over 120 stores including Macy’s, JC Penney, and Sears

Traffic Counts

Sunrise/Winding Way

NB – 28,146 ADT

SB – 25,495 ADT

Sunrise/Fair Oaks

NB – 30,244 ADT

SB – 24,719 ADT

EB – 19,627 ADT

WB – 15,262 ADT

WINDING WAY

SUNR

ISE

BLVD

28,146 ADT25,495 ADT

Price: $2,096,520Occupancy: 100% Single TenantNOI: $104,826CAP RATE: 5.00%

Hwy 50 / Sunrise

Back – 154,500 ADT

Ahead – 128,000 ADT

Page 3: ARCO GAS STATION - LoopNet · 2018. 9. 20. · ARCO GAS STATION NNN RETAIL GROUND LEASE OPPORTUNITY Mickey Turpen | 916.784.2700 | Mick@GallelliRE.Com | CA DRE# 01340787 4400 SUNRISE

Property Location

4400 Sunrise Boulevard is located on the northeast corner

of Sunrise Blvd and Winding Way in Fair Oaks, California.

The property benefits from its core location on the Sunrise

Boulevard corridor, one of the most heavily trafficked streets in

the Sacramento region. It is located within the highly desirable

Carmichael/Citrus Heights/Orangevale trade area which is

among the most established and densely populated regions

within the four-county area. The property is located about 18

miles northeast of Downtown Sacramento and is part of the

Sacramento regional retail

market. The property has excellent frontage on Sunrise Boulevard

and is approximately 2.4 miles north of the Highway 50 and the

Sunrise Boulevard interchange.

The property benefits from being located in one of the highest

demographic areas in Sacramento County. Average household

incomes within a one-mile radius exceed $95,000 and $79,000

within a five-mile radius. The Carmichael/Citrus Heights/

Orangevale retail market is one of the most affluent and

established submarkets in the Sacramento Region.

Ideal Location With Impressive Traffic Counts Price: $2,096,520Occupancy: 100% Single TenantNOI: $104,826CAP RATE: 5.00%

Page 4: ARCO GAS STATION - LoopNet · 2018. 9. 20. · ARCO GAS STATION NNN RETAIL GROUND LEASE OPPORTUNITY Mickey Turpen | 916.784.2700 | Mick@GallelliRE.Com | CA DRE# 01340787 4400 SUNRISE

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INTERSTATECALIFORNIA

80 INTERSTATECALIFORNIA

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Mickey Turpen | [email protected] | CA DRE# 01340787

Gallelli Real Estate3005 Douglas Blvd #200 | Roseville, CA916.784.2700 | www.GallelliRE.com