3192 Santa Rita Rd 3,955 SF Retail Building Pleasanton, CA 94566 $9,200,000 ($2,326.31/SF) 6.14% Cap Rate

Investment Highlights – Northern California Fuel Station & C-Store
Premium Absolute NNN Offering | National Credit Tenant | Corporate Guarantee
This listing presents an outstanding opportunity to acquire a high-visibility fuel station and rollover car wash built in 2016, paired with a modern convenience store and positioned on a signalized hard corner along one of Northern California’s busiest commuter corridors. With ±61,000 vehicles per day, excellent frontage, and effortless ingress/egress, the site benefits from exceptional daily exposure and steady customer flow.
Located in a robust, rapidly expanding trade area, the surrounding 3-mile radius has experienced over 30% population growth and boasts an average household income of approximately $188,000, providing a strong, upscale consumer base.
The property is leased by Anabi, a national operator with more than 500 locations across the U.S., supported by a corporate guarantee, delivering long-term stability and credit-backed security for investors. The station features 14 fueling positions, a high-performing convenience store, and a well-maintained rollover car wash with a proven operating history.
A key differentiator for this asset is that all underground storage tanks (USTs) are owned and maintained by the tenant, eliminating one of the largest potential liabilities associated with fuel properties and making this a truly hands-off investment.
The lease structure is absolute NNN, requiring zero landlord responsibilities. The current term includes 10 years and 8 months remaining on the primary lease, followed by three (3) five-year renewal options. Rent increases of 10% occur at year 6 and year 10 of the primary term, and each option period includes an additional 10% increase, creating predictable, long-term income growth.
Strategically located along the heavily traveled Interstate 580 corridor, a major commuter route serving the broader San Francisco Bay Area, the property benefits from durable demand drivers, high traffic volume, and strong residual land value — ideal for passive, yield-focused investors.
Additionally, the property improvements qualify for accelerated depreciation, offering meaningful tax advantages for eligible investors.