916-920-4400
69 Lee Rd, Watsonville, CA for Sale
Service Station - FOR SALE
1/4
null | Request Cap Rate

69 Lee Rd
Watsonville, CA 95076


HIGHLIGHTS

  • Coastal location creates an extremely high barrier to entry. Permitting with the California Coastal Commission took 7+ years for approval.
  • Strong revenue growth since construction
  • Shadow anchored by 112-key Hampton Inn, and newly constructed 5,000 SF Starbucks anchored retail strip center.
  • Well-located with excellent access to Highway 1, Highway 129 and population growth centers.

OVERVIEW

CALL FOR OFFERS! Newmark, as the exclusive agent, is pleased to present the opportunity to purchase a newly constructed Arco AMPM gas station and convenience store site located at 69 Lee, Road, Watsonville, CA 95076 (the “Property”) along with accompanying business. The site is being offered on a fee-simple basis free & clear of existing debt. The Property was built in 2021 and features a 4,386 sf convenience store, 1,160 sf drive-thru car wash, and 18 gas pumps underneath a 5,040 sf fuel island canopy. The station was constructed in tandem with the adjacent 112-room Hampton Inn & Suites Watsonville, which is a key driver of traffic to the Property. Approximately 35,000 guests visit the hotel each year. Situated directly adjacent to California Highway 1 (SR-1) the Property benefits from all north and southbound traffic along the California Coastline. The Property is positioned between Monterey (25 miles south) and Santa Cruz (18 miles north) in the center of one of the most populous and well-regarded Northern California coastal regions. Please contact the listing agents for the Offering Memorandum and data room. Carter Lear - 916-218-5498 Wills Vlasek - 916 -599-7533

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

CV

APN/PARCEL ID

018-302-08-000

ASK ABOUT THIS PROPERTY

Carter LearNewmarkMore Info
916-920-4400

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Carter LearNewmarkMore Info
916-920-4400

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