ARCO AMPM – Nearly 1,100 Locations in Western U.S. – Part of Marathon Petroleum Co: Leading Energy Company with Reported Revenues of $1.6B (2019) – The subject property is leased to an experienced Arco AM/PM operator and includes a strong personal guaranty. Arco is owned by the Marathon Petroleum Company, a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates more than 1,000 long-term supply contracts for direct dealer locations, primarily in Southern California, and largely under the ARCO brand. In 2019, the company reported revenues of $1.6 billion.
Hard Corner Signalized Intersection – Dense Traffic Counts (52,000+ CPD) – Less Than One Mile from On/Off Ramp to Interstate 5 – Access to Downtown San Diego & Orange County – The subject property is located on the hard corner signalized intersection of Oceanside Blvd & Crouch St, offering outstanding visibility and access to combined traffic counts of nearly 53,000 CPD. Oceanside Blvd is a major east-west traffic thoroughfare carrying commuters to/from Interstate 5 less than one mile away. As the major north-south travel corridor through the state of California, Interstate 5 offers direct access to San Diego 38 miles to the south and north to Orange County.
New 15-Year Absolute NNN Lease – Passive Investment – Annual 3% Rent Increases – The new absolute NNN lease commenced in June 2020. The lease features 3% annual rent increases in the Primary Term and the (2) 5-year Options, providing an investor with an ideal passive investment with outstanding rent growth.
Strategic Location Across from Sprinter Rail Station – Avg Weekday Ridership of 8,300 Passengers (2.5 Million Riders Each Year) – Strong Driver of Foot & Auto Traffic Lends to Success at Location – The site is strategically located across from the Sprinter Coaster station, the hybrid rail train that runs east and west between Escondido and Oceanside. With average weekday ridership of over 8,300 passengers per day, this popular commuter system sees a total of 2.5 million passengers each year. This translates into heavy walk-in & gas-up traffic at this location, resulting in sales of approximately $10 million.
Located in the City of Oceanside – Centrally Located Between San Diego & Los Angeles Counties – Home to Biotech, Manufacturing, Tourism Industries – Perfectly situated between metropolitan San Diego and Los Angeles, Oceanside is centrally located in the heart of Southern California. Manufacturing, distribution, tourism and agriculture remain the region’s top industries, but in recent years, Oceanside has become home to biotech industries that are among the area’s fastest growing business sectors.
Oceanside Home to Camp Pendleton – Largest U.S. Marine Corps Amphibious Training Base on West Coast – North San Diego County’s Largest Employer – North Oceanside is the home of Camp Pendleton, the largest U.S. Marine Corps Amphibious Training Base on the West Coast, and the largest employer in North San Diego County for more than 60 years. Camp Pendleton is home to more than 38,000 military personnel but sees a daytime population of 70,000 military and civilian personnel. The facility’s Marines, Sailors and their families rely on the surrounding communities for retail goods and services not available on Base, creating an outstanding need for employment, housing and resources in neighboring Oceanside and other nearby cities.