BUSINESS WITH LAND FOR SALE - LoopNet...Real Estate Partners in compliance with all applicable fair...

A M / P M & A R C O G A SS T A T I O N

14920 Main Street, Hesperia, CA 92345

Offered At: $10,900,000

BUSINESS WITH LAND FOR SALE

9471 Haven Avenue, Suite 110 | Rancho Cucamonga, CA 91730T 909.230.4500 | C [email protected] #01869089

Business & Commercial Real Estate SalesVICTOR BUENDIA

BROKER CO-OPERATIONBROKER CO-OPERATION

Progressive Real Estate Partners recognizes the importance of other brokers in theindustry that actively represent prospective buyers. It is our policy to cooperatewith such brokers. It is our policy to not cooperate with buyers/principals that arealso licensed brokers.

Co-operating brokers should contact us directly for fee information.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENTINVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documents andreports and consulting appropriate independent professionals. Progressive Real Estate Partnersmakes no warranties and/or representations regarding the veracity, completeness, or relevanceof any financial data or assumptions. Progressive Real Estate Partners does not serve as afinancial advisor to any party regarding any proposed transaction. All data and assumptionsregarding financial performance, including that used for financial modeling purposes, maydiffer from actual data or performance. Any estimates of market rents and/or projected rentsthat may be provided to a party do not necessarily mean that rents can be established at orincreased to that level. Parties must evaluate any applicable contractual and governmentallimitations as well as market conditions, vacancy factors and other issues in order to determinerents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition ofthe property and whether the property complies with applicable governmental requirementsshould be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by ProgressiveReal Estate Partners in compliance with all applicable fair housing and equal opportunity laws.

Neither Progressive Real Estate Partners its directors, officers, agents, advisors, or affiliatesmakes any representation or warranty, express or implied, as to accuracy or completeness of theany materials or information provided, derived, or received. Materials and information fromany source, whether written or verbal, that may be furnished for review are not a substitute fora party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. Progressive Real Estate Partners will not investigate or verify anysuch matters or conduct due diligence for a party unless otherwise agreed in writing.

The information provided in this Offering Memorandum is confidential and can only beshared with those advisors that a buyer needs to share such information with in order to makean informed buying decision. All parties receiving this information shall not utilize thisinformation to the detriment of the seller including, but not limited to, utilizing thisinformation to solicit the seller’s tenants for relocation to another property or contacting thetenants in any way relative to this property without the seller’s prior written approval.

Confidentiality & DisclaimerConfidentiality & Disclaimer

229471 Haven Avenue Suite 110 • Rancho Cucamonga, CA 91730 • 909.230.4500 • www.progressiverep.com

PRESENTED BYPRESENTED BY

SUMMARY

Progressive Real Estate Partners are proud to offer for sale an AM/

PM ARCO Gas Station in the growing city of Hesperia. This property

also has three additional units to generate rental income in addition

to great profits from the C-Store. The property was just built in 2015

and features all of the latest equipment and ensures a trouble free

operation for years to come. The C-Store has a Type 21 Liquor

License which is very difficult to obtain and provides for high

margins. The property was beautifully designed and is a very

attractive and clean investment.

OFFERING SUMMARYOFFERING SUMMARY

Sale Price: $10,900,000

Year Built: 2015

Total Land Area: 39,746 SF

Building Size: 5,000 SF


INVESTMENT SUMMARYINVESTMENT SUMMARY | AM/PM & ARCO Gas Station


PROPERTY OVERVIEWPROPERTY OVERVIEW

• Recent Construction - Being built in 2015, the property is a near new construction, it utilizes all

the latest equipment and in turn ensures a trouble free operation for years to come

• Revenue Activity - The C-Store generates roughly $200,000+ per month, the gas station is

about 250,000+ gallons per month at above pool margin, and rental income is generated from

adjacent units

• Licensing - The C-Store holds a Type 21 Liquor License which is extremely difficult to obtain and promises high margins

LOCATION OVERVIEWLOCATION OVERVIEW

• The property is located on the north-east signalized intersection of Cottonwood Ave and Main

Street with a traffic count of over 37,000 cars per day.

• The area shows prominent demographics with a daytime population of 31,245 and a general

population of 142,545 with an average household income in excess of $70,000.

INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS | AM/PM & ARCO Gas Station


ADDITIONAL PHOTOSADDITIONAL PHOTOS | AM/PM & ARCO Gas Station


REGIONAL MAPREGIONAL MAP | AM/PM & ARCO Gas Station


LOCATION MAPSLOCATION MAPS | AM/PM & ARCO Gas Station

VISIT INTERACTIVE MAPVISIT INTERACTIVE MAP

https://buildout.com/website/511627-sale?tab=map


RETAILER MAPRETAILER MAP | AM/PM & ARCO Gas Station


HESPERIAHESPERIAThe city of Hesperia l ies in the Mojave Desert, 35 miles north of San Bernardino. Hesperia expands across 73 square miles with a population of94,181 residents with a population growth of 51.6% since 2000. Hesperia has a residential base with an average household income of $60,930.Hesperia has three high schools, three junior high schools, and 14 elementary schools. Hesperia is home to Victor Valley College, BrandmanUniversity, San Joaquin Valley College, and a satell ite campus of Azusa Pacific University.

Hesperia is bisected by Interstate 15 and Highway 395 borders the city, providing ample traffic as Hesperia is a stepping-stone to touristdestinations such as Mammoth Lakes and Las Vegas. The city has significant traffic with a traffic count of 256,000 on I-15 and Oak Hil l Road,only one of the main exits in Hesperia.

The top employers in Hesperia are Hesperia Unified School District, County of San Bernardino, and Stater Bros. with a total of 32,503 peopleemployed in Hesperia. Hesperia has an unemployment rate of 5.4%.

Hesperia has its own manmade lake, Hesperia Lake Park, on the southeastern edge of the town drawing tourists for f ishing, swimming, and otherboating. Hesperia is home to various campgrounds that draw tourists throughout the year for hiking, shooting, and off-roading.In 2017, Hesperia saw commercial and residential growth that included the grand opening of ALDI, Planet Fitness, the Vil la’s 55-plus seniorcommunity, Wendy’s, Starbucks and the Secard Business Park and Superstore. The city also developed Aemerge RedPak, a medical wastetreatment facil ity that covers 37,700 square feet. Hesperia is undergoing significant development following the widening of Ranchero Road,providing alternate east-west access through Hesperia. The city has recently completed several developments and is continuing to work onothers. Among these is a two-story senior l iving community which wil l include 31-unit assisted l iving building and a 300-person adult day carecenter.

Population, traffic counts, workforce, and new commercial developments combine to make Hesperia a prime location for business.

CITY INFORMATIONCITY INFORMATION | AM/PM & ARCO Gas Station


POPULATIONPOPULATION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 7,598 55,437 142,545

Median age 29.1 28.6 29.3Median age (Male) 27.1 28.0 28.1Median age (Female) 30.9 29.4 30.6

HOUSEHOLDS & INCOMEHOUSEHOLDS & INCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total households 1,852 13,200 34,961# of persons per HH 3.6 3.6 3.5Average HH income $68,269 $67,004 $70,777Average house value $248,291 $291,910 $275,531

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP & REPORTDEMOGRAPHICS MAP & REPORT | AM/PM & ARCO Gas Station

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