Long Beach, CA - United Pacific

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, car wash equipped, United Pacific Fuel Station investment property located in Long Beach, California (Long Angeles MSA). The tenant, United Pacific, has 13 years remaining with 3 (5-year) options to extend. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity (Apro, LLC) and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. United Pacific has established itself as one of the largest independent owners, suppliers, and operators of gas stations and convenience stores in the Western United States. This offering represents a rare opportunity to acquire Southern California real estate within a dense, infill trade area with high barriers for new development.

United Pacific is strategically located at the signalized, hard corner intersection of Long Beach Boulevard and E. 52nd Street, averaging a combined 31,300 vehicles passing by daily. The property consists of a 6-pump gas station, 5-car self service car wash, and walk-up convenience store, providing comprehensive services to consumers on the go. The site benefits from nearby direct on/off ramp access to Interstate 710 (190,000 VPD), a heavily traveled north/south commuter freeway serving the greater Los Angeles metropolitan area. Additionally, the asset is surrounded by a variety of national/credit tenants such as Vons, Marshalls, Smart & Final, CVS Pharmacy, Aldi, Bank of America, and more. Strong tenant synergy significantly increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Moreover, the site is within close proximity to several apartment complexes including Grisham Community Housing (96 units), Windmill Creek Apartments (139 units), and Del Amo Gardens (230 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a dense population of nearly 684,000 residents and 218,000 daytime employees with an average household income of $81,204.

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