United Pacific: Escondido, CA | 303 S Escondido Blvd
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United Pacific: Escondido, CA 303 S Escondido Blvd
2,189 SF Retail Building Escondido, CA 92025 $1,739,130 ($794/SF) 5.75% Cap Rate
Investment Highlights
- Business Not For Sale
- Long-Term Operating History
- Strong Tenant | 511 Retail Gas Stations Under the Brands of Rocket, United Oil, or United Pacific in CA, CO, NV, OR & WA
- Absolute NNN lease with a 7.50% increase in July 2029 and in each of the three 5-year renewal options.
- Part of the Larger United Pacific Portfolio | Available Individually or as a Portfolio
- Irreplaceable CA Location (San Diego, CA MSA) with Barriers to Entry for New Gas Competitors
Executive Summary
CBRE is pleased to offer for sale the United Pacific Portfolio, which is comprised of 14 sites across California. With an average operating history of ~50 years, the sites are subject to a ±9.6-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
Each of the sites are well-positioned within three major California markets (Los Angeles, Riverside & San Diego). The offering provides investors an opportunity to acquire 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 operates 511 retail gas stations under the brands of Rocket, United Oil or United Pacific in California, Colorado, Nevada, Oregon and Washington.
The properties are being offered individually or as a portfolio.
Each of the sites are well-positioned within three major California markets (Los Angeles, Riverside & San Diego). The offering provides investors an opportunity to acquire 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 operates 511 retail gas stations under the brands of Rocket, United Oil or United Pacific in California, Colorado, Nevada, Oregon and Washington.
The properties are being offered individually or as a portfolio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,189 SF
Building Class
C
Year Built
1980
Price
$1,739,130
Price Per SF
$794
Cap Rate
5.75%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Land Acres
0.32 AC
Zoning
C
Parking
6 Spaces (2.74 Spaces per 1,000 SF Leased)
Frontage
54 FT on S Escondido Blvd
Amenities
- Signage
Walk Score ®
Walker's Paradise (95)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 233-141-16 | Improvements Assessment | $503,934 |
| Land Assessment | $1,418,631 | Total Assessment | $1,922,565 |
PROPERTY TAXES
Parcel Number
233-141-16
Land Assessment
$1,418,631
Improvements Assessment
$503,934
Total Assessment
$1,922,565
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Christopher Bosworth -
Thomas Carr -
Brian Pfohl -
Brian Yoshimura -
Power Broker Joel Wilson -
Power Broker Ryan Gurman -
Abby Kelly -
Leah Lindell -
Kaitlyn Wolf -
CBRE, Inc.
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United Pacific: Escondido, CA | 303 S Escondido Blvd
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