Absolute NNN Leased Gas
1200 S Fair Oaks Ave Pasadena, CA 91105
1200 S Fair Oaks Ave, Pasadena, CA, 91105
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For Sale
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Absolute NNN Arco gas station with a 15-year leased-back structure and 2% annual increases.
Days on Market102
Property Features for 1200 S Fair Oaks Ave
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Los Angeles
(213) 943-1781
Listed by
Ara Rostamian · License #CA 01814678
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 10:55PM Checked: Jul 21 at 10:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap presents an absolute NNN fee-simple investment opportunity with leased-back operating structure at an Arco gas station. The property includes an approximately 2,044-square-foot building situated on approximately 29,695 square feet of land. The current experienced 3-unit operator is set to sign a 15-year lease at the close of escrow, with three (3) five-year options to extend. Lease terms include rare 2% annual increases throughout the initial term and option period.
The site is positioned at a signalized, hard corner intersection of Fair Oaks Avenue and Monterey Road, with approximately 32,000 cars per day. It also sits less than half a mile from the 110 Freeway, reported at over 56,000 cars per day, supporting strong visibility and convenient access with multiple points of ingress and egress. The surrounding retail corridor includes national/credit tenants such as Vons, Pavilions, Rite Aid, Chase Bank, McDonald’s, Starbucks, Chipotle, and El Pollo Loco.
This investment also benefits from a dense 3-mile trade area with a population reported at over 274,000 and an average household income of approximately $109,000.
The site is positioned at a signalized, hard corner intersection of Fair Oaks Avenue and Monterey Road, with approximately 32,000 cars per day. It also sits less than half a mile from the 110 Freeway, reported at over 56,000 cars per day, supporting strong visibility and convenient access with multiple points of ingress and egress. The surrounding retail corridor includes national/credit tenants such as Vons, Pavilions, Rite Aid, Chase Bank, McDonald’s, Starbucks, Chipotle, and El Pollo Loco.
This investment also benefits from a dense 3-mile trade area with a population reported at over 274,000 and an average household income of approximately $109,000.
Key Highlights
- Fee‑simple acquisition of an Arco gas station with an absolute NNN leased‑back structure
- 15‑year lease at closing with a 3‑unit operator, including 3-(5) year options to extend
- Lease includes 2% annual increases throughout the initial term and option period
Property Analytics
Location Intelligence
Current Use by Public Records
HVAC Training - Capstone ...
College
Capstone College
Vocational School
Pogo Security Pasadena
Security Service
dtraine
Gym & Fitness Center
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FAQs
What type of property is this?
Gas station - Absolute NNN Arco gas station with a 15-year leased-back structure and 2% annual increases.
Where is this gas station located?
The property is located at 1200 S Fair Oaks Ave Pasadena, CA.
What are key features of this property?
This property features: Fee‑simple acquisition of an Arco gas station with an absolute NNN leased‑back structure; 15‑year lease at closing with a 3‑unit operator, including 3-(5) year options to extend; Lease includes 2% annual increases throughout the initial term and option period
