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Auto Service - Gas-Conv

ARCO / ampm - BP Corporate Guaranty

4301 Sonoma Blvd, Vallejo, CA 94589

Listing Price: $6,538,888

Cap Rate
4.50%
Tenant Name
ARCO / ampm
Years Remaining On Lease
10.3
Gross SF
3,180
Guarantor
Corporate Guarantee
Rentable SF
3,180
Price/Gross SF
$2,056.25
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$92.53

Investment Overview

ARCO is a brand of gasoline stations, established in 1966 as the "Atlantic Richfield Company," which was an independent oil and gas company formed after the merger of Atlantic Petroleum and the Richfield Oil Corporation. The company is currently owned by Marathon Petroleum after BP, its former owner, sold its rights. Ampm is a convenience store chain with branches located in several U.S. states, including Arizona, California, Nevada, Oregon, and Washington, and in several countries such as Costa Rica and Brazil. The ampm brand is owned by BP America, Inc., a subsidiary of BP. The stores are usually attached to an ARCO or BP branded gas station. Located in Solano County, California, Vallejo is the largest city in the North Bay region of the San Francisco Bay Area. Situated on the shores of the San Pablo Bay, the city has an estimated population of 126,090 as of the 2020 census. Vallejo is known as the home of the California Maritime Academy, Touro University of California, and Six Flags Discovery Kingdom.

Investment Highlights

  • 10 Years Remaining on Absolute Triple-Net (NNN) Corporate-Guaranteed Lease
  • 10 Percent Rental Increases Every Five Years
  • 144,218 Residents within a Five-Mile Radius - Dense Infill in Bay Area MSA
  • Adjacent to Newly-Built El Pollo Loco
  • Top Performing Location - Subject Property is in the Top 26 Percent of All ARCO's Across the Country and is the Number One Performing ARCO within 15 Miles (Source: PlacerAI)
  • Signalized Hard Corner Location with Excellent Visibility Along Sonoma Boulevard (25,200+ Cars per Day)
  • Site Includes a Car Wash and Six Fueling Stations (12 Pumps)
  • Accelerated Depreciation Available - Huge Tax Benefits

Exclusively Listed By

Broker of Record

  • David C. Nelson

    Regional Manager

    (510) 379-1200

    License(s) CA: 01716942

    California

Financing By

Auto Service - Gas-Conv

ARCO / ampm - BP Corporate Guaranty

Listing Price: $6,538,888

Cap Rate
4.50%
Tenant Name
ARCO / ampm
Years Remaining On Lease
10.3
Gross SF
3,180
Guarantor
Corporate Guarantee
Rentable SF
3,180
Price/Gross SF
$2,056.25
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$92.53

Investment Highlights

  • 10 Years Remaining on Absolute Triple-Net (NNN) Corporate-Guaranteed Lease
  • 10 Percent Rental Increases Every Five Years
  • 144,218 Residents within a Five-Mile Radius - Dense Infill in Bay Area MSA
  • Adjacent to Newly-Built El Pollo Loco
  • Top Performing Location - Subject Property is in the Top 26 Percent of All ARCO's Across the Country and is the Number One Performing ARCO within 15 Miles (Source: PlacerAI)
  • Signalized Hard Corner Location with Excellent Visibility Along Sonoma Boulevard (25,200+ Cars per Day)
  • Site Includes a Car Wash and Six Fueling Stations (12 Pumps)
  • Accelerated Depreciation Available - Huge Tax Benefits

Investment Overview

ARCO is a brand of gasoline stations, established in 1966 as the "Atlantic Richfield Company," which was an independent oil and gas company formed after the merger of Atlantic Petroleum and the Richfield Oil Corporation. The company is currently owned by Marathon Petroleum after BP, its former owner, sold its rights. Ampm is a convenience store chain with branches located in several U.S. states, including Arizona, California, Nevada, Oregon, and Washington, and in several countries such as Costa Rica and Brazil. The ampm brand is owned by BP America, Inc., a subsidiary of BP. The stores are usually attached to an ARCO or BP branded gas station. Located in Solano County, California, Vallejo is the largest city in the North Bay region of the San Francisco Bay Area. Situated on the shores of the San Pablo Bay, the city has an estimated population of 126,090 as of the 2020 census. Vallejo is known as the home of the California Maritime Academy, Touro University of California, and Six Flags Discovery Kingdom.

Exclusively Listed By

Broker of Record

  • David C. Nelson

    Regional Manager

    (510) 379-1200

    License(s): CA: 01716942

    California

Financing By

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