For Sale
$1,826,087

502 Rosecrans AveCompton, CA 90222

High-ROI Gas Station & Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 479 sq ft 76-branded gas station and convenience store in Compton, CA. Located at 502 W Rosecrans Ave, 90222, this property boasts a 9.6-year remaining lease term (expiring 06/29/2034) with a strong, creditworthy tenant, United Pacific, under an absolute NNN lease. The lease includes three 5-year renewal options with a 7.5% rent increase in July 2029 and each option period. The property features 3 gas pumps, 4 parking spaces, and sits on a 0.18-acre lot. Built in 1949, this asset generates a substantial NOI of $105,000, representing a 5.75% cap rate on the $1,826,087 asking price. The property benefits from fee simple ownership, offering potential bonus depreciation advantages. This well-established business enjoys high barriers to entry and is situated in a prime location within a major California market, providing excellent access and visibility. The property is 100% occupied and offers a secure, long-term investment opportunity with significant upside potential.

Highlights

  • Investment-grade 76-branded gas station and convenience store in Compton, CA.
  • Absolute NNN lease with creditworthy tenant, United Pacific (a Phillips 66 and Fortress Investment Group joint venture), with 9.6 years remaining and three 5-year options, including a 7.5% rent increase in July 2029 and each option period.
  • High barriers to entry due to irreplaceable location.
  • Long-term operating history (approximately 50 years).
  • Strong underlying value in an infill location.
  • Excellent access and visibility in a prime Los Angeles market, serving a population of 222,536 with an average household income of $103,841 within a 3-mile radius.

Property Details for 502 Rosecrans Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
479 SF
Year Built
1949
Lot Size (sq. ft)
7,841 SF

Location Insight

City
Compton
County
Los Angeles
State
California
Latitude
33.9030494
Longitude
-118.2325305
502 Rosecrans Ave, Compton, California

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502 Rosecrans Ave
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