ARCO GAS STATION NNN RETAIL GROUND LEASE OPPORTUNITY 4400 SUNRISE BLVD | FAIR OAKS, CA 95628 Mickey Turpen | 916.784.2700 |
[email protected] | CA DRE# 01340787 Price: $2,096,520 Occupancy: 100% Single Tenant NOI: $104,826 WINDING WAY 28,146 ADT CAP RATE: 5.00% 25,495 ADT 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 SUNRISE BLVD 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 Property Highlights 7,100 BP and ARCO branded sites, along with close to 1,000 ampm convenience stores in California, Oregon, Washington, • BP (The Guarantor) has occupied this location since 1966 Arizona, and Nevada. • New 12 year NNN ground lease • No landlord responsibilities • 3% annual increases • Has historically sold 150,000 gallons of gas per month Traffic Counts • Over 300,000 residents live within a five mile radius, with an average annual household income that exceeds $79,000 Sunrise/Winding Way Hwy 50 / Sunrise • Impressive traffic counts with 53,614 cars per day passing through the intersection of Sunrise NB – 28,146 ADT Back – 154,500 ADT Boulevard and Winding Way SB – 25,495 ADT Ahead