7560 Sunrise Blvd - Service Station FOR SALE


Citrus Heights, CA 95610- Outer Carmichael/Citrus Heights
$11,500,000 USD
480-221-4221
7560 Sunrise Blvd, Citrus Heights, CA for Sale
$11,500,000 USD
Service Station - FOR SALE
1/9
null | 5% Cap Rate

7560 Sunrise Blvd
Citrus Heights, CA 95610
Outer Carmichael/Citrus Heights


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Guaranteed Ground Lease | Scheduled Rental Increases
  • Over $2M Invested into Remodel | Investment Grade Tenant (S&P: A-) | Reputable Oil & Gas Producer
  • Absolute NNN | Fee Simple Ownership | Bonus Depreciation | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Interstate 80 (199,000 VPD) |Near Walmart Supercenter & Costco | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, investment grade (S&P: A-), AM/PM & Arco investment property located in Citrus Heights, California. The tenant, BP Products North America Inc. recently signed a brand new 15-year lease with 3 (5-year) options and one 4 year 11-month option, demonstrating their long term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. BP Products North America Inc. is the largest oil and gas producer and one of the largest gasoline retailers in the U.S. with more than 15,000 BP, Amoco, and Arco branded stations. In addition, the tenant recently invested over $2M into a state of the art remodel for this location. Potential for significant tax savings via accelerated / bonus depreciation (check with your tax advisor to confirm eligibility).

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$4,840 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arco/AMPM | New 15yr Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

GC

APN/PARCEL ID

224-0052-001

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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