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United Pacific: Wilmington, CA 305 W Anaheim St 1,640 sq ft Retail Property Wilmington, CA 90744 £1,932,861 (£1,178.57/sq ft) 5.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- The site is subject to a ±8.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
- Operating history of 22+ years.
- Irreplaceable location with high barriers to entry for new gas competitors.
- Infill location with strong underlying intrinsic value.
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 1,640-square-foot United Pacific gas station and convenience store situated on 0.30-acres in Wilmington, California -- part of the Los Angeles MSA (MSA Population 13M+). The site is subject to a ±8.9-year absolute NNN lease with a rental increase of 7.50% in July 2029 and in each of the options (3 x 5-year options).
BUSINESS IS NOT FOR SALE
BUSINESS IS NOT FOR SALE
PROPERTY FACTS Under Offer
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Property Size
1,640 sq ft
Costar Property Class
C
Year Built
2002
Price
£1,932,861
Price per sq ft
£1,178.57
Yield
5.75%
NOI
£111,140
Tenancy
Single
Number of Floors
1
Plot ratio
0.10
Total Plot Size
0.37 ac
Opportunity Zone
Yes
Use Class
C2-1 - Commercial
Parking
5 Spaces (3.05 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Signage
Walk Score®
Excellent pedestrian access (93)
Bike Score®
Good for cycling (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7416-031-001 | Improvements Assessment | £500,773 |
| Land Assessment | £1,904,239 | Total Assessment | £2,405,012 |
PROPERTY TAXES
Parcel Number
7416-031-001
Land Assessment
£1,904,239
Improvements Assessment
£500,773
Total Assessment
£2,405,012
CONTACTS
-
Christopher Bosworth -
Thomas Carr -
Kaitlyn Wolf -
Leah Lindell -
Brian Pfohl -
Ty Grenier -
Ryan Gurman -
Brian Yoshimura -
Joel Wilson -
CBRE, Inc.
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United Pacific: Wilmington, CA | 305 W Anaheim St
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