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6322 Westminster Blvd 2,155 SF 100% Leased Retail Building Westminster, CA 92683 $4,440,000 ($2,060.32/SF) 5% Cap Rate
Investment Highlights
- Prime Location SEC of Westminster Ave & Willow Ln, just off I-405 with ±262,700 daily vehicles.
- Attractive Price: $4,400,000 | Cap Rate: 5% | Current Annual Rent: $222,000 with CPI escalations (July 2026 will be at least $226,440)
- Tenant has been at this site since 1965 and recently spent $1.5m on new tanks and upgrades. This operator has 674 locations in the West.
- Strong Tenant & Lease Apro, LLC (Rocket/United Oil, 76 branding) on a 15-year absolute NNN ground lease starting July 2025.
- Quality Asset & Demographics ±0.59-acre parcel, ±1,189 SF building, high-income trade area (median HH income $107K within 1 mile).
Executive Summary
Ownership of this ground lease offers a stable income stream with annual CPI increases (2% minimum, 9% maximum) and a minimum gallonage rent equal to the greater of $1,500 per month or 0.015 cents per gallon over 50,000 gallons. The property is a newly remodeled gas station with a long-term, credit tenant in a high-traffic, prime Orange County location. The lease structure is fully NNN, minimizing landlord responsibilities and providing predictable cash flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,155 SF
Building Class
C
Year Built
1964
Price
$4,440,000
Price Per SF
$2,060.32
Cap Rate
5%
NOI
$222,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
0.59 AC
Parking
16 Spaces (7.42 Spaces per 1,000 SF Leased)
Frontage
153’ on Westminster Blvd
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 195-261-03 | Improvements Assessment | $382,639 |
| Land Assessment | $246,255 | Total Assessment | $628,894 |
Property Taxes
Parcel Number
195-261-03
Land Assessment
$246,255
Improvements Assessment
$382,639
Total Assessment
$628,894
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6322 Westminster Blvd
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