3192 Santa Rita Rd Pleasanton, CA 94566

This property features a fuel station, rollover car wash, and convenience store built in 2016. Situated on a signalized hard corner along a busy commuter corridor in Northern California, the location benefits from high visibility and easy access, with approximately 61,000 vehicles passing by daily. The surrounding area has experienced significant population growth, exceeding 30% within a 3-mile radius, and boasts an average household income of around $188,000. The property is currently leased to a national operator with over 500 locations nationwide, supported by a corporate guarantee. The station includes 14 fueling positions, a convenience store, and a rollover car wash. The tenant owns and maintains all underground storage tanks (USTs). The lease structure is absolute NNN, requiring zero landlord responsibilities. The current term has 10 years and 8 months remaining, with three 5-year renewal options. Rent increases of 10% are scheduled at year 6 and year 10 of the primary term, with additional 10% increases during each option period. Located along Interstate 580, a major commuter route serving the San Francisco Bay Area, the property benefits from high traffic volume and strong residual land value. The property improvements qualify for accelerated depreciation.