NNN RETAIL INVESTMENT OPPORTUNITY ARCO GAS STATION...ARCO GAS STATION 4400 SUNRISE BLVD | FAIR OAKS,...

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ARCO GAS STATION 4400 SUNRISE BLVD | FAIR OAKS, CA 95628 NNN RETAIL INVESTMENT OPPORTUNITY Mickey Turpen | 916.784.2700 [email protected] | CA BRE# 01340787 Gallelli Real Estate 3005 Douglas Blvd #200 | Roseville, CA 916.784.2700 | www.GallelliRE.com

Transcript of NNN RETAIL INVESTMENT OPPORTUNITY ARCO GAS STATION...ARCO GAS STATION 4400 SUNRISE BLVD | FAIR OAKS,...

Page 1: NNN RETAIL INVESTMENT OPPORTUNITY ARCO GAS STATION...ARCO GAS STATION 4400 SUNRISE BLVD | FAIR OAKS, CA 95628 NNN RETAIL INVESTMENT OPPORTUNITY Mickey Turpen | 916.784.2700 Mick@GallelliRE.Com

ARCO GAS STATION 4400 SUNRISE BLVD | FAIR OAKS, CA 95628

NNN RETAIL INVESTMENT OPPORTUNITY

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

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

Page 2: NNN RETAIL INVESTMENT OPPORTUNITY ARCO GAS STATION...ARCO GAS STATION 4400 SUNRISE BLVD | FAIR OAKS, CA 95628 NNN RETAIL INVESTMENT OPPORTUNITY Mickey Turpen | 916.784.2700 Mick@GallelliRE.Com

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 lease

• 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: NNN RETAIL INVESTMENT OPPORTUNITY ARCO GAS STATION...ARCO GAS STATION 4400 SUNRISE BLVD | FAIR OAKS, CA 95628 NNN RETAIL INVESTMENT OPPORTUNITY Mickey Turpen | 916.784.2700 Mick@GallelliRE.Com

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: NNN RETAIL INVESTMENT OPPORTUNITY ARCO GAS STATION...ARCO GAS STATION 4400 SUNRISE BLVD | FAIR OAKS, CA 95628 NNN RETAIL INVESTMENT OPPORTUNITY Mickey Turpen | 916.784.2700 Mick@GallelliRE.Com

SITE

INTERSTATECALIFORNIA

80 INTERSTATECALIFORNIA

80

U S

50

U S

50

SITE

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

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