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3192 Santa Rita Rd 3,955 sq ft Retail Property Pleasanton, CA 94566 £6,875,160 (£1,738.45/sq ft) 6.14% Net Initial Yield
INVESTMENT HIGHLIGHTS
- A high-performing 2016-built fuel station and car wash on a premier hard corner with ±61,000 VPD and a national credit tenant-corporate guarantee
- tenant who owns the USTs—offering both security and ease of ownership.
- A modern gas station and car wash with strong sales history, absolute NNN lease, and a national operator with 500+ locations
EXECUTIVE SUMMARY
Investment Highlights – Northern California Fuel Station & C-Store
Premium Absolute NNN Offering | National Credit Tenant | Corporate Guarantee
This listing presents an outstanding opportunity to acquire a high-visibility fuel station and rollover car wash built in 2016, paired with a modern convenience store and positioned on a signalized hard corner along one of Northern California’s busiest commuter corridors. With ±61,000 vehicles per day, excellent frontage, and effortless ingress/egress, the site benefits from exceptional daily exposure and steady customer flow.
Located in a robust, rapidly expanding trade area, the surrounding 3-mile radius has experienced over 30% population growth and boasts an average household income of approximately $188,000, providing a strong, upscale consumer base.
The property is leased by Anabi, a national operator with more than 500 locations across the U.S., supported by a corporate guarantee, delivering long-term stability and credit-backed security for investors. The station features 14 fueling positions, a high-performing convenience store, and a well-maintained rollover car wash with a proven operating history.
A key differentiator for this asset is that all underground storage tanks (USTs) are owned and maintained by the tenant, eliminating one of the largest potential liabilities associated with fuel properties and making this a truly hands-off investment.
The lease structure is absolute NNN, requiring zero landlord responsibilities. The current term includes 10 years and 8 months remaining on the primary lease, followed by three (3) five-year renewal options. Rent increases of 10% occur at year 6 and year 10 of the primary term, and each option period includes an additional 10% increase, creating predictable, long-term income growth.
Strategically located along the heavily traveled Interstate 580 corridor, a major commuter route serving the broader San Francisco Bay Area, the property benefits from durable demand drivers, high traffic volume, and strong residual land value — ideal for passive, yield-focused investors.
Additionally, the property improvements qualify for accelerated depreciation, offering meaningful tax advantages for eligible investors.
Premium Absolute NNN Offering | National Credit Tenant | Corporate Guarantee
This listing presents an outstanding opportunity to acquire a high-visibility fuel station and rollover car wash built in 2016, paired with a modern convenience store and positioned on a signalized hard corner along one of Northern California’s busiest commuter corridors. With ±61,000 vehicles per day, excellent frontage, and effortless ingress/egress, the site benefits from exceptional daily exposure and steady customer flow.
Located in a robust, rapidly expanding trade area, the surrounding 3-mile radius has experienced over 30% population growth and boasts an average household income of approximately $188,000, providing a strong, upscale consumer base.
The property is leased by Anabi, a national operator with more than 500 locations across the U.S., supported by a corporate guarantee, delivering long-term stability and credit-backed security for investors. The station features 14 fueling positions, a high-performing convenience store, and a well-maintained rollover car wash with a proven operating history.
A key differentiator for this asset is that all underground storage tanks (USTs) are owned and maintained by the tenant, eliminating one of the largest potential liabilities associated with fuel properties and making this a truly hands-off investment.
The lease structure is absolute NNN, requiring zero landlord responsibilities. The current term includes 10 years and 8 months remaining on the primary lease, followed by three (3) five-year renewal options. Rent increases of 10% occur at year 6 and year 10 of the primary term, and each option period includes an additional 10% increase, creating predictable, long-term income growth.
Strategically located along the heavily traveled Interstate 580 corridor, a major commuter route serving the broader San Francisco Bay Area, the property benefits from durable demand drivers, high traffic volume, and strong residual land value — ideal for passive, yield-focused investors.
Additionally, the property improvements qualify for accelerated depreciation, offering meaningful tax advantages for eligible investors.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Service Station
Property Size
3,955 sq ft
Costar Property Class
C
Year Built/Renovated
1989/2016
Price
£6,875,160
Price per sq ft
£1,738.45
Yield
6.14%
NOI
£422,135
Tenancy
Single
Number of Floors
1
Plot ratio
0.11
Total Plot Size
0.80 ac
Use Class
C-O
Parking
14 Spaces (3.88 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Signalised Intersection
Walk Score®
Easily Walkable (79)
Bike Score®
Good for cycling (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 946-1105-038-04 | Improvements Assessment | £682,358 |
| Land Assessment | £1,269,458 | Total Assessment | £1,951,816 |
PROPERTY TAXES
Parcel Number
946-1105-038-04
Land Assessment
£1,269,458
Improvements Assessment
£682,358
Total Assessment
£1,951,816
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3192 Santa Rita Rd
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