3192 Santa Rita Rd - Service Station FOR SALE


Pleasanton, CA 94566
$9,200,000 USD
925-519-1546
3192 Santa Rita Rd, Pleasanton, CA for Sale
$9,200,000 USD
Service Station - FOR SALE
1/7
null | 6.14% Cap Rate

3192 Santa Rita Rd
Pleasanton, CA 94566


HIGHLIGHTS

  • A high-performing 2016-built fuel station and car wash on a premier hard corner with ±61,000 VPD and a national credit tenant-corporate guarantee
  • A modern gas station and car wash with strong sales history, absolute NNN lease, and a national operator with 500+ locations
  • tenant who owns the USTs—offering both security and ease of ownership.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$2,327 USD /SF

CAP RATE

6.14%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,826 SF

ZONING

C-O

APN/PARCEL ID

946-1105-038-04

ASK ABOUT THIS PROPERTY

MIKE ROESBERYMD Roesbery INCMore Info
925-519-1546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

MIKE ROESBERYMD Roesbery INCMore Info
925-519-1546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.