Overview

Description

Essential CRE is pleased to present the exclusive opportunity to acquire the ground lease interest in ARCO ampm convenience store and service station located at 2500 Guerneville Rd - Santa Rosa, CA. The subject property is 2,631 square feet, resides on .59 acres of land and was constructed in 2004. The tenant recently signed a new 15-year absolute NNN lease with three, 5-year options and 10% increases every five years. The station is configured with six bays, twelve pumps and benefits from convenient access to high trafficked main roads and affluent, growing demographics. Surrounding retailers include Raley's, Ace Hardware, Starbucks, McDonald's Taco Bell and Burger King.

Highlights

• New 15-Year Absolute NNN Ground Lease Service Station & C-Store with Scheduled 10% Rent Increases Every 5 Years
• Rare Single Tenant Net Leased Opportunity in Thriving and Sought after North Bay Area Santa Rosa Market - 5-Mile Population 167,500 with Average Household Income of $115,000
• Hard Corner Signalized Intersection, Convenient ingress and egress with Access from both Guerneville & Fulton Roads, 27,261 Vehicles Per Day
• CN Zoning: Development is Encouraged to be a Mixed Use Project with a Residential Component in Compliance with the Residential Density Requirements of the CN Zoning District

Documents

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