United Pacific - 76: Long Beach, CA | 3631 Santa Fe Ave
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United Pacific - 76: Long Beach, CA 3631 Santa Fe Ave
1,386 SF Retail Building Long Beach, CA 90810 $2,173,913 ($1,568/SF) 5.75% Cap Rate
Investment Highlights
- Business Not For Sale
- Absolute NNN Lease | Zero Landlord Obligations | Rental Increase of 7.50% in July 2029 & in Each of the Three, 5-Year Renewal Options
- Irreplaceable CA Location (Los Angeles MSA) with Barriers to Entry for New Gas Competitors
- Strong Tenant | 511 Retail Gas Stations Under the Brands of Rocket, United Oil or United Pacific in CA, CO, NV, OR & WA
- Long-Term Operating History
- Part of the Larger United Pacific Portfolio | Available Individually or as a Portfolio
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
1,386 SF
Building Class
B
Year Built
1956
Price
$2,173,913
Price Per SF
$1,568
Cap Rate
5.75%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
0.27 AC
Zoning
LBCNA - Commercial
Parking
4 Spaces (3.34 Spaces per 1,000 SF Leased)
Frontage
113 FT on Santa Fe
Amenities
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 7317-006-026 | Improvements Assessment | $214,439 |
| Land Assessment | $1,179,420 | Total Assessment | $1,393,859 |
PROPERTY TAXES
Parcel Number
7317-006-026
Land Assessment
$1,179,420
Improvements Assessment
$214,439
Total Assessment
$1,393,859
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Christopher Bosworth -
Thomas Carr -
Brian Pfohl -
Brian Yoshimura -
Power Broker Joel Wilson -
Power Broker Ryan Gurman -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE, Inc.
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United Pacific - 76: Long Beach, CA | 3631 Santa Fe Ave
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