Upload
others
View
6
Download
1
Embed Size (px)
Citation preview
ARCO GAS STATIONNNN RETAIL GROUND LEASE OPPORTUNITY
Mickey Turpen | 916.784.2700 | [email protected] | CA DRE# 01340787
4400 SUNRISE BLVD | FAIR OAKS, CA 95628
Tenant Overview
BP, LLC (formerly British Petroleum) is a multinational oil and gas
company headquartered in London. It is one of the world’s seven
oil and gas “supermajors”, and is the world’s 6th largest oil and
gas company, the 6th largest energy company, and the company
with the world’s 12th largest revenue. BP reported a total
operating cash flow of $17.8 billion for 2016.
In 2000, BP acquired both ARCO and ampm successfully merging
them into BP operations. BP operates in 72 countries and employs
74,500 people worldwide. In the US, BP’s presence includes
7,100 BP and ARCO branded sites, along with close to 1,000
ampm convenience stores in California, Oregon, Washington,
Arizona, and Nevada.
Property Highlights
• BP (The Guarantor) has occupied this location since 1966
• New 12 year NNN ground lease
• No landlord responsibilities
• 3% annual increases
• Has historically sold 150,000 gallons of gas per month
• Over 300,000 residents live within a five mile radius, with an average annual household
income that exceeds $79,000
• Impressive traffic counts with 53,614 cars per day passing through the intersection of Sunrise
Boulevard and Winding Way
• Located in the Carmichael/Citrus Heights/Orangevale retail submarket with 4.6 million square
feet of retail space
• ampm convenience store with an 8 pump ARCO service station
• Extremely accessible retail location at the intersection of Sunrise Boulevard and
Winding Way, with easy access to Highway 50
• Located approximately 2 miles south of the 1.2 million-square-foot Sunrise Mall, which features
over 120 stores including Macy’s, JC Penney, and Sears
Traffic Counts
Sunrise/Winding Way
NB – 28,146 ADT
SB – 25,495 ADT
Sunrise/Fair Oaks
NB – 30,244 ADT
SB – 24,719 ADT
EB – 19,627 ADT
WB – 15,262 ADT
WINDING WAY
SUNR
ISE
BLVD
28,146 ADT25,495 ADT
Price: $2,096,520Occupancy: 100% Single TenantNOI: $104,826CAP RATE: 5.00%
Hwy 50 / Sunrise
Back – 154,500 ADT
Ahead – 128,000 ADT
Property Location
4400 Sunrise Boulevard is located on the northeast corner
of Sunrise Blvd and Winding Way in Fair Oaks, California.
The property benefits from its core location on the Sunrise
Boulevard corridor, one of the most heavily trafficked streets in
the Sacramento region. It is located within the highly desirable
Carmichael/Citrus Heights/Orangevale trade area which is
among the most established and densely populated regions
within the four-county area. The property is located about 18
miles northeast of Downtown Sacramento and is part of the
Sacramento regional retail
market. The property has excellent frontage on Sunrise Boulevard
and is approximately 2.4 miles north of the Highway 50 and the
Sunrise Boulevard interchange.
The property benefits from being located in one of the highest
demographic areas in Sacramento County. Average household
incomes within a one-mile radius exceed $95,000 and $79,000
within a five-mile radius. The Carmichael/Citrus Heights/
Orangevale retail market is one of the most affluent and
established submarkets in the Sacramento Region.
Ideal Location With Impressive Traffic Counts Price: $2,096,520Occupancy: 100% Single TenantNOI: $104,826CAP RATE: 5.00%
SITE
INTERSTATECALIFORNIA
80 INTERSTATECALIFORNIA
80
U S
50
U S
50
SITE
Mickey Turpen | [email protected] | CA DRE# 01340787
Gallelli Real Estate3005 Douglas Blvd #200 | Roseville, CA916.784.2700 | www.GallelliRE.com