United Pacific - 76: Los Angeles, CA | 2503 W Pico Blvd
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United Pacific - 76: Los Angeles, CA 2503 W Pico Blvd
371 SF Retail Building Los Angeles, CA 90006 $7,366,857 CAD ($19,857 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Business Not For Sale
- Absolute NNN Lease | Zero Landlord Obligations | Rental Increase of 7.50% in July 2029 & in Each of the Three, 5-Year Renewal Options
- Hard Corner Location at Signalized Intersection of W. Pico Blvd (22,326 VPD) & Vermont Ave (40,450 VPD) w/ Direct Access to I-10.
- Strong Tenant | 511 Retail Gas Stations Under the Brands of Rocket, United Oil or United Pacific in CA, CO, NV, OR & WA
- Irreplaceable Los Angeles Location with Barriers to Entry for New Gas Competitors
- Part of the Larger United Pacific Portfolio | Available Individually or as a Portfolio
Executive Summary
CBRE is pleased to offer for sale the United Pacific Portfolio, which is comprised of 14 sites across California. With an average operating history of ~50 years, the sites are subject to a ±9.6-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).
Each of the sites are well-positioned within three major California markets (Los Angeles, Riverside & San Diego). The offering provides investors an opportunity to acquire well-established gas station sites with high barriers to entry for competitors and strong underlying intrinsic value. The offering also provides investors the benefit of fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation.
Headquartered in Long Beach, California, CF United LLC operates 511 retail gas stations under the brands of Rocket, United Oil or United Pacific in California, Colorado, Nevada, Oregon and Washington.
The properties are being offered individually or as a portfolio.
Each of the sites are well-positioned within three major California markets (Los Angeles, Riverside & San Diego). The offering provides investors an opportunity to acquire well-established gas station sites with high barriers to entry for competitors and strong underlying intrinsic value. The offering also provides investors the benefit of fee simple ownership of the building and land, allowing for the potential benefits of bonus depreciation.
Headquartered in Long Beach, California, CF United LLC operates 511 retail gas stations under the brands of Rocket, United Oil or United Pacific in California, Colorado, Nevada, Oregon and Washington.
The properties are being offered individually or as a portfolio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
371 SF
Year Built
1972
Price
$7,366,857 CAD
Price Per SF
$19,857 CAD
Cap Rate
5.25%
NOI
$386,760 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
0.30 AC
Opportunity Zone
Yes
Parking
5 Spaces (13.48 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
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Christopher Bosworth -
Thomas Carr -
Brian Pfohl -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
Brian Yoshimura -
Power Broker Joel Wilson -
Power Broker Ryan Gurman -
CBRE, Inc.
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United Pacific - 76: Los Angeles, CA | 2503 W Pico Blvd
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