ARCO ampm
BP Corporate Absolute NNN Ground Lease
Overview
Offering Specifications
- Price $2,150,000
- CAP Rate 5.36%
- Price/SF $817.18
- Net Operating Income $115,200
- Lease Term Remaining 14 Years
- Ownership Type Ground Lease
- Lease Type Absolute NNN
- Year Built 1992
Essential CRE is pleased to present the exclusive opportunity to acquire the ground lease interest in ARCO ampm convenience store and service station located at 2500 Guerneville Rd - Santa Rosa, CA. The subject property is 2,631 square feet, resides on .59 acres of land and was constructed in 2004. The tenant recently signed a new 15-year absolute NNN lease with three, 5-year options and 10% increases every five years. The station is configured with six bays, twelve pumps and benefits from convenient access to high trafficked main roads and affluent, growing demographics. Surrounding retailers include Raley's, Ace Hardware, Starbucks, McDonald's Taco Bell and Burger King
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