Sacramento, CA - Arco/AMPM

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, investment grade (S&P: A-), AM/PM & Arco investment property located in Sacramento, California. The tenant, BP Products North America Inc., has over 11 years of lease term remaining with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% 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 and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. BP Products North America Inc. is the largest oil and gas producer and one of the largest gasoline retailers in the United States with more than 15,000 BP, Amoco, and Arco branded stations.

AM/PM & Arco is strategically located at the signalized, hard corner intersection of Freeport Boulevard and Blair Avenue, averaging a combined 27,600 vehicles passing by daily. The property features a 24-hour AM/PM branded convenience store with a 16-pump gas station that is ideally situated just 1.25 miles east of the on/off ramps to Interstate 5 (163,500 VPD), one of the busiest freeways in the country. In addition, the site is within close proximity to a variety of strong, quality tenants such as Marshalls, Petco, Dollar Tree, Raley’s, O’Reilly Auto Parts, Starbucks, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Moreover, the site is surrounded by several apartment complexes including Park Place (72 units), Townhouse South Hills (32 units), and Lake Hills (42 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by more than 360,000 residents and 199,000 daytime employees. Residents within 1 mile of the subject property feature a healthy average household income of $117,146.