3140 Elkhorn Blvd - Service Station FOR SALE


North Highlands, CA 95660
$2,410,000 USD
415-604-4288
3140 Elkhorn Blvd, North Highlands, CA for Sale
$2,410,000 USD
Service Station - FOR SALE
1/9
null | 5.25% Cap Rate

3140 Elkhorn Blvd
North Highlands, CA 95660


HIGHLIGHTS

  • New 15-Year Absolute NNN Ground Lease: Tenant assumes all property expenses, including taxes, insurance, maintenance, and structural repairs
  • Over 284,856 residents within a five-mile radius, with continued population growth projected
  • Strong Traffic Counts: Elkhorn Blvd sees 25,723 vehicles per day, while nearby Watt Ave carries over 40,153 vehicles per day
  • Long-Term Lease Stability: Three (3), five-year extension options and 10% rental increases every five years

OVERVIEW

Situated at the corner of Elkhorn Blvd & 32nd Street, the site benefits from 25,723 vehicles per day on Elkhorn Blvd, plus major nearby arteries like Watt Ave with 40,153+ vehicles per day. The area is surrounded by high-density residential and commercial properties, supporting strong customer demand. The tenant is responsible for all expenses, including taxes, insurance, and maintenance, making this a truly passive investment with no landlord obligations. The lease is backed by BP (NYSE: BP), a Fortune Global 500 company, ensuring long-term financial stability and reliability. Adjacent to major national retailers, including Ross, Dollar Tree, Popeyes, and Starbucks, enhancing daily foot traffic. The location also benefits from demand from Sacramento McClellan Airport and local industrial businesses. Built in 2021, the 4,620 SF site features 9 fuel islands with 2 pumps per island and an integrated car wash, maximizing profitability. The lease features 10% rental increases every five years, with a cap rate starting at 5.35%, ensuring steady income appreciation for investors.

FOR SALE DETAILS

PRICE

$2,410,000 USD

PRICE/SF

$522 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ARCO Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

M-1

APN/PARCEL ID

208-0103-002

ASK ABOUT THIS PROPERTY

Scott CrowleCushman & WakefieldMore Info
415-604-4288

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Scott CrowleCushman & WakefieldMore Info
415-604-4288

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