Vacant-User

Arco

1200 Fair Oaks Ave, South Pasadena, CA 91030

Listing Price: $6,000,000

Cap Rate
4.00%
Gross SF
2,044
Rentable SF
2,044
Price/Gross SF
$2,935.42
Lot Size
0.68 acres
Year Built
1971

Investment Overview

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire fee-simple ownership in an absolute NNN leased-back, Arco gas station investment opportunity located in the high barrier to entry city of South Pasadena, California. The experienced Three-Unit operator will sign a 15-year lease at the close of escrow with 3-(5) year options to extend, illustrating their commitment to the site. The lease features rare two percent annual increases throughout the initial term and option period. The Arco gas station comprises of approximately 2,044 square feet of building situated upon 29,695 square feet of land. 1200 Fair Oaks Avenue is located at the signalized, hard corner intersection of Fair Oaks Avenue and Monterey Road with +/- 32,000 cars per day. The site benefits from excellent visibility and access with multiple points of ingress and egress. Additionally, the subject property is located less than half a mile away from the highly traveled 110 Freeway with over 56,000 cars per day. Arco is located on a prominent retail corridor with nearby national/credit tenants that include Vons, Pavilions, Rite Aid, Chase Bank, McDonald’s, Starbucks, Chipotle, El Pollo Loco and more, further increasing consumer draw to the property. The three-mile trade are is supported by a dense population of over 274,000 and an average household income of $109,000.

Investment Highlights

  • Absolute NNN – Fee Simple Lease With Zero Landlord Responsibility & Rare 2 Percent Annual Rent Increases
  • Signalized Hard Corner With Over 32,000 Cars Per Day With Excellent Visibility
  • High Barrier to Entry Market
  • Prominent Retail Corridor – Large National Credit/Tenant Presence
  • Rare Downtown South Pasadena – Los Angeles County Offering
  • Close Proximity To California Highway 110
  • Strong Affluent Demographics in Three-Mile Trade Area

Exclusively Listed By

Financing By

Listing Price: $6,000,000

Cap Rate
4.00%
Gross SF
2,044
Rentable SF
2,044
Price/Gross SF
$2,935.42
Lot Size
0.68 acres
Year Built
1971

Investment Highlights

  • Absolute NNN – Fee Simple Lease With Zero Landlord Responsibility & Rare 2 Percent Annual Rent Increases
  • Signalized Hard Corner With Over 32,000 Cars Per Day With Excellent Visibility
  • High Barrier to Entry Market
  • Prominent Retail Corridor – Large National Credit/Tenant Presence
  • Rare Downtown South Pasadena – Los Angeles County Offering
  • Close Proximity To California Highway 110
  • Strong Affluent Demographics in Three-Mile Trade Area

Investment Overview

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire fee-simple ownership in an absolute NNN leased-back, Arco gas station investment opportunity located in the high barrier to entry city of South Pasadena, California. The experienced Three-Unit operator will sign a 15-year lease at the close of escrow with 3-(5) year options to extend, illustrating their commitment to the site. The lease features rare two percent annual increases throughout the initial term and option period. The Arco gas station comprises of approximately 2,044 square feet of building situated upon 29,695 square feet of land. 1200 Fair Oaks Avenue is located at the signalized, hard corner intersection of Fair Oaks Avenue and Monterey Road with +/- 32,000 cars per day. The site benefits from excellent visibility and access with multiple points of ingress and egress. Additionally, the subject property is located less than half a mile away from the highly traveled 110 Freeway with over 56,000 cars per day. Arco is located on a prominent retail corridor with nearby national/credit tenants that include Vons, Pavilions, Rite Aid, Chase Bank, McDonald’s, Starbucks, Chipotle, El Pollo Loco and more, further increasing consumer draw to the property. The three-mile trade are is supported by a dense population of over 274,000 and an average household income of $109,000.

Exclusively Listed By

Financing By

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