For Sale
FOR SALE | Arco AM/PM San Leandro
712 Lewelling Blvd., San Leandro, CA, 94579
23,371 SF
$5,750,000
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INVESTMENT HIGHLIGHTS
Offering Price: $5,750,000
Net Operating Income: $264,000
Cap Rate: 4.6%
Price/GLA: $1,917/SF
Lease Type: Absolute NNN Lease
PROPERTY OVERVIEW
Address: 712 Lewelling Boulevard, San Leandro, California 94579
County: Alameda County
Assessor Parcel Number: 080G-1114-006-02
Gas Station: 3,000 SF ampm Convenience Store: 6 MPDs / 12 pumps
Land Size: 23,371 SF
Type: Ground Lease
Year Built: 2021 (Scraped and Rebuilt)
Tenant: BP PRODUCTS NORTH AMERICA INC., a Maryland corporation
PROPERTY HIGHLIGHTS
- Corporate BP signature tenant (investment-grade backed lease)
- Approximately 10 years remaining on original 15-year term
- February rent increase to $264,000 annually / ~4.6% cap
- Ground lease with true NNN structure
- Passive investment for hands-off ownership
- Newly constructed in 2021, tanks, canopy and c-store all new
- Hard corner, signalized intersection with strong traffic counts
- Built-in rent increases of approximately 10% to 15% every 5 years
- Fee simple ownership, real estate only – pls do not disturb tenant
INVESTMENT HIGHLIGHTS
Offering Price: $5,750,000
Net Operating Income: $264,000
Cap Rate: 4.6%
Price/GLA: $1,917/SF
Lease Type: Absolute NNN Lease
PROPERTY OVERVIEW
Address: 712 Lewelling Boulevard, San Leandro, California 94579
County: Alameda County
Assessor Parcel Number: 080G-1114-006-02
Gas Station: 3,000 SF ampm Convenience Store: 6 MPDs / 12 pumps
Land Size: 23,371 SF
Type: Ground Lease
Year Built: 2021 (Scraped and Rebuilt)
Tenant: BP PRODUCTS NORTH AMERICA INC., a Maryland corporation
PROPERTY HIGHLIGHTS
- Corporate BP signature tenant (investment-grade backed lease)
- Approximately 10 years remaining on original 15-year term
- February rent increase to $264,000 annually / ~4.6% cap
- Ground lease with true NNN structure
- Passive investment for hands-off ownership
- Newly constructed in 2021, tanks, canopy and c-store all new
- Hard corner, signalized intersection with strong traffic counts
- Built-in rent increases of approximately 10% to 15% every 5 years
- Fee simple ownership, real estate only – pls do not disturb tenant
| Price: | $5,750,000 |
| Address: | 712 Lewelling Blvd. |
| City: | San Leandro |
| State: | CA |
| Zip Code: | 94579 |
| Max Square Feet (or Specific): | 23,371 |