3631 Santa Fe AveLong Beach, CA 90810

Property Details for 3631 Santa Fe Ave

Year built

1956

Construction

TILT-UP CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

1,386 SF

Zone code

LBCNA

Property type

Gas stations

APN

7317-006-026

APU

7317006026

Description

This exceptional investment opportunity presents a 1,386 square foot, single-tenant, absolute NNN leased convenience store and gas station located at 3631 Santa Fe Ave, Long Beach, CA 90810. The property, built in 1956 and situated on a 0.27-acre lot, boasts six gas pumps and ample parking for one vehicle. Currently operating under a 20-year lease with United Pacific (76 Gas), the lease commenced July 1, 2014, and has approximately 9.6 years remaining, expiring June 29, 2034. The lease includes three 5-year renewal options with a 7.50% rent increase in July 2029 and each subsequent option period. The property generates a strong net operating income (NOI) of $125,000, resulting in a compelling 5.75% cap rate. The asking price is $2,173,913. This fee-simple ownership offers the potential for bonus depreciation benefits. The property benefits from its location in a high-traffic area within Los Angeles County, providing excellent visibility and access. The tenant, United Pacific, is a joint venture between subsidiaries of Phillips 66 and Fortress Investment Group, LLC, and operates a significant number of retail gas stations across multiple states. This offering presents a rare opportunity to acquire a well-established, high-performing asset with a long-term lease and significant upside potential. The business itself is not for sale.

• CAP approach

  CAP return

  Valuation

  6%

  $502,018

  6.5%

  $463,401

  7%

  $430,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,114,108

  Geo Method

  $1,114,108

• Alternative Use

  Use

  Valuation

  Residential

  $390,896

  Hospitality

  $358,059

  Educational

  $297,901

  Medical

  $308,146

  Retail

  $463,401

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.8229

Longitude

-118.216

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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