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United Pacific: Master Lease Portfolio 13 Retail Properties Offered at $41,000,000 in Multiple Locations
Investment Highlights
- STRONG OPERATOR
- HIGH BARRIERS TO ENTRY
- WELL-POSITIONED WITHIN THREE MAJOR CALIFORNIA MARKETS
- ABSOLUTE NNN LEASES WITH INCREASES
- LONG-TERM OPERATING HISTORY
- FEE SIMPLE OWNERSHIP | BONUS DEPRECIATION
Executive Summary
CBRE is pleased to offer for sale the United Pacific Master Lease Portfolio, which is comprised of 13 sites across California.
With an average operating history of ±42 years, the sites were originally part of a 2014 Sale-Leaseback. The sites are
subject to a ±8.5-year absolute NNN master lease with a 7.50% rent increase in 2029 and three, 5-year options to renew
(see page 14 for option rent increases). Each of the sites are well-positioned with excellent access and visibility throughout
three major California markets (Los Angeles, Riverside & San Diego). The offering provides investors an opportunity to
acquire a portfolio of well-established gas station sites with high barriers to entry for competitors and strong underlying
intrinsic value. The offering also provides investors the benefit of fee simple ownership of the building and land, allowing
for the potential benefits of bonus depreciation.
Headquartered in Long Beach, California, CF United LLC (the Company or United Pacific) operates approximately 675
retail gas stations and convenience stores under the brands of Rocket, United Oil, United Pacific, Alta Convenience and
Petro-Mart in 11 states.
Business is not for sale.
With an average operating history of ±42 years, the sites were originally part of a 2014 Sale-Leaseback. The sites are
subject to a ±8.5-year absolute NNN master lease with a 7.50% rent increase in 2029 and three, 5-year options to renew
(see page 14 for option rent increases). Each of the sites are well-positioned with excellent access and visibility throughout
three major California markets (Los Angeles, Riverside & San Diego). The offering provides investors an opportunity to
acquire a portfolio of well-established gas station sites with high barriers to entry for competitors and strong underlying
intrinsic value. The offering also provides investors the benefit of fee simple ownership of the building and land, allowing
for the potential benefits of bonus depreciation.
Headquartered in Long Beach, California, CF United LLC (the Company or United Pacific) operates approximately 675
retail gas stations and convenience stores under the brands of Rocket, United Oil, United Pacific, Alta Convenience and
Petro-Mart in 11 states.
Business is not for sale.
Property Facts
| Price | $41,000,000 | Number of Properties | 13 |
| Price / SF | $2,390 / SF | Individually For Sale | 0 |
| Cap Rate | 6.50% | Total Building Size | 17,157 SF |
| Sale Type | Investment NNN | Total Land Area | 6.65 AC |
| Status | Active |
| Price | $41,000,000 |
| Price / SF | $2,390 / SF |
| Cap Rate | 6.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 13 |
| Individually For Sale | 0 |
| Total Building Size | 17,157 SF |
| Total Land Area | 6.65 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 15904 Lakewood Blvd, Bellflower, CA 90706 | Retail | 2,287 SF | 1966 | - |
| 798 N Brea Blvd, Brea, CA 92821 | Retail | 1,164 SF | 1989 | - |
| 710 N 2nd St, El Cajon, CA 92021 | Retail | 1,500 SF | 2000 | - |
| 695 El Cajon Blvd, El Cajon, CA 92020 | Retail | 754 SF | 1951 | - |
| 4008 W Rosecrans Ave, Hawthorne, CA 90250 | Retail | 768 SF | 1996 | - |
| 601 W Imperial Hwy, La Habra, CA 90631 | Retail | 600 SF | 1975 | - |
| 4700 W Slauson Ave, Los Angeles, CA 90056 | Retail | 2,583 SF | 1964 | - |
| 800 N Western Ave, Los Angeles, CA 90029 | Retail | 998 SF | 1964 | - |
| 170 Hidden Valley Pky, Norco, CA 92860 | Retail | 2,500 SF | 2001 | - |
| 3860 Governor Dr, San Diego, CA 92122 | Retail | 624 SF | 1986 | - |
| 911 E Vista Way, Vista, CA 92084 | Retail | 1,344 SF | 1982 | - |
| 960 Civic Center Dr, Vista, CA 92083 | Retail | 400 SF | 1986 | - |
| 14400 Telegraph Rd, Whittier, CA 90604 | Retail | 1,635 SF | 1963 | - |
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Contacts
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Christopher Bosworth -
Ty Grenier -
Brian Pfohl -
Leah Lindell -
Kaitlyn Wolf -
Ian Schroeder -
CBRE, Inc.
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