210 S Gaffey St - Service Station FOR SALE


San Pedro, CA 90731
$3,826,087 USD
404-923-1486
210 S Gaffey St, San Pedro, CA for Sale
$3,826,087 USD
Service Station - FOR SALE
1/5
null | 5.75% Cap Rate

210 S Gaffey St
San Pedro, CA 90731


HIGHLIGHTS

  • Business Not For Sale
  • Absolute NNN lease with a 7.50% increase in July 2029 and in each of the three 5-year renewal options.
  • Long-Term Operating History
  • Part of the Larger United Pacific Portfolio | Available Individually or as a Portfolio
  • Strong Tenant | 511 Retail Gas Stations Under the Brands of Rocket, United Oil, or United Pacific in CA, CO, NV, OR & WA
  • Irreplaceable CA Location (Los Angeles, CA MSA) with Barriers to Entry for New Gas Competitors

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,826,087 USD

PRICE/SF

$10,870 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Pacific: San Pedro, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

LAC2

APN/PARCEL ID

7451-016-030

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-923-1486

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Christopher BosworthCBRE, Inc.More Info
404-923-1486

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