AM/PM & Wendy's - Bldg 1 22386 Cactus Ave 6,600 SF Retail Building Moreno Valley, CA 92553 $21,900,000 ($3,318.18/SF) 10.31% Cap Rate

Am/pm began in 1978 when Atlantic Richfield Company opened the first location in Southern California. The chain grew as a subsidiary of ARCO, providing fuel and convenience items. In 2000, BP acquired ARCO and its am/pm stores. The brand expanded through partnerships with BP gas stations across several states. Today, am/pm operates as a convenience retailer offering snacks, beverages, prepared foods, and automotive services. While maintaining its West Coast roots, the company has become a recognizable presence in the fuel and convenience store market through its nationwide network of locations.

ARCO began in 1966 when Atlantic Petroleum merged with Richfield Oil Corporation. The company operated independently until BP acquired it in 2000. In 2012, Marathon Petroleum purchased ARCO's retail operations while BP retained rights in Northern California, Oregon, and Washington. Today, ARCO functions as a fuel retailer under Marathon's umbrella, maintaining a significant presence in the Western United States. The brand continues serving consumers through both BP and Marathon networks.