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United Pacific: Paramount, CA 8510 Rosecrans Ave 1,424 SF Retail Building Paramount, CA 90723 $4,083,333 ($2,867.51/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Irreplaceable location with high barriers to entry for new gas competitors
- Operating history of 66 years
- Infill location with strong underlying intrinsic value
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 1,424 SF United Pacific fuel and convenience store located on 0.51 acres in Paramount, CA - a component of the Los Angeles-Long Beach-Anaheim, CA MSA. The site is subject to a ±8.8-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (three 5-year options).
BUSINESS IS NOT FOR SALE
BUSINESS IS NOT FOR SALE
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,424 SF
Building Class
B
Year Built
1959
Price
$4,083,333
Price Per SF
$2,867.51
Cap Rate
6%
NOI
$245,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.51 AC
Zoning
C2 - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
1 Spaces (0.7 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6268-004-019 | Improvements Assessment | $273,408 |
| Land Assessment | $1,749,832 | Total Assessment | $2,023,240 |
PROPERTY TAXES
Parcel Number
6268-004-019
Land Assessment
$1,749,832
Improvements Assessment
$273,408
Total Assessment
$2,023,240
CONTACTS
-
Thomas Carr -
Ty Grenier -
Christopher Bosworth -
Brian Pfohl -
Leah Lindell -
Kaitlyn Wolf -
Katie Goldberg -
Abby Kelly -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
CBRE
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United Pacific: Paramount, CA | 8510 Rosecrans Ave
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