Thursday , June 13 2024
Breaking News
office building in riverside sells for $11.4 million

ARCO station, convenience store sells for $5.6 million

An ARCO gas station and an AM/PM convenience store in Apple Valley have been sold for $5.6 million.

The freestanding project is at Rancherias Road and U.S. Highway 18, an intersection that accommodates more than 36,500 vehicles on a typical day, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga.

The purchase included the businesses and the property. Names of the buyer and seller were not released.

Built-in 1998, the ARCO station has six dispensers and 16 fueling stations. The convenience store covers more than 2,700 square feet and has a liquor license.

Nearly 40,000 residents, with an average household income of more than $91,000 live within a three-mile radius of the property.  Nearby retailers include Wal-Mart, Albertsons, America’s Tire, AutoZone, Chase Bank, Little Caesars Pizza, McDonald’s, Taco Bell.

The sale took about 45 days to put together. Progressive, which specializes in small to medium-sized retail transactions in the Inland Empire, represented both parties, according to the statement.

Check Also

Sold Stamp

Temecula industrial buildings part of portfolio sale

Two industrial buildings in Temecula that combined cover 166,000 square feet have been sold. The structures, …

Leave a Reply

Your email address will not be published. Required fields are marked *