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United Pacific: Wilmington, CA 305 W Anaheim St 1,640 SF Retail Building Wilmington, CA 90744 $2,608,696 ($1,590.67/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- The site is subject to a ±8.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
- Operating history of 22+ years.
- Irreplaceable location with high barriers to entry for new gas competitors.
- Infill location with strong underlying intrinsic value.
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 1,640-square-foot United Pacific gas station and convenience store situated on 0.30-acres in Wilmington, California -- part of the Los Angeles MSA (MSA Population 13M+). The site is subject to a ±8.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
BUSINESS IS NOT FOR SALE
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,640 SF
Building Class
C
Year Built
2002
Price
$2,608,696
Price Per SF
$1,590.67
Cap Rate
5.75%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.37 AC
Opportunity Zone
Yes
Zoning
C2-1 - Commercial
Parking
5 Spaces (3.05 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7416-031-001 | Improvements Assessment | $675,871 |
| Land Assessment | $2,570,066 | Total Assessment | $3,245,937 |
PROPERTY TAXES
Parcel Number
7416-031-001
Land Assessment
$2,570,066
Improvements Assessment
$675,871
Total Assessment
$3,245,937
CONTACTS
-
Christopher Bosworth -
Thomas Carr -
Kaitlyn Wolf -
Leah Lindell -
Brian Pfohl -
Ty Grenier -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
CBRE, Inc.
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United Pacific: Wilmington, CA | 305 W Anaheim St
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