ARCO Am/PM | Triple Net Property (NNN) Investment of the week

Here is my Bay Area Pick of the Week: A well known gas station/mini-mart franchise Arco AM/Pm Market in Antioch

2017 construction (New Facility)

4.25% cap rate

Marketing Description

BP’s commitment to the U.S. dates back 150 years through our heritage companies, Atlantic Refining and Richfield Petroleum. In the 1960s, the two companies merged, forming Atlantic Richfield or ARCO for short. That same decade, Standard Oil of Ohio (Sohio) and BP reached a deal that led to the first oil to flow from the North Slope of Alaska through the Trans-Alaska pipeline in 1977. Ten years later, BP acquired Sohio and made it the cornerstone of a new national operation, BP America. In 1998, Amoco and BP announced their merger, combining their worldwide operations into a single organization. Overnight, the new company became the largest producer of both oil and natural gas in the U.S. Fast-forward to today: BP is leading the way in helping to meet the energy needs both of America and the world.BP West Coast Products, LLC was founded in 1978 and is based in La Palma, California and operates as a subsidiary of BP P.L.C. BP West Coast Products, LLC operates nearly 1,0000 AMPM stores that sell drinks, foods, and sweet treats covering states such as California, Oregon, Washington, Nevada, and Arizona. These convenient store add-ons to ARCO gas stations provide burritos, sandwiches, muffins, snacks, cookies, cakes, brownies, condiments, coffees and teas, and beverages. The company also franchises its stores. BP West Coast Products LLC was formerly known as ARCO Products Company.

Investment Highlights
•2018 Construction. 3,180+/- SF Building on 1.07+/- Acre Site
•New 15 Year Corp NNN Ground Lease beginning April 2018
•Adjacent a proposed Mixed-Use Dev | Near SBUX, Chase
•Located in a dense residential comm with 3-Mile Pop: 110K
•Antioch: One of the few Bay area suburbs with affordable housing
•3-Mile Radius: Est Pop: 110,004 l 1-Mile Avg. HH Income: $95,113
•San Francisco Bay Area (MSA) | 7th Largest MSA Eco | GDP: $431B

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