Hanley Investment Group Arranges $10.2 Million Sale of Newly Constructed ARCO ampm Fuel Station, C-Store, EV Charging and Car Wash

STOCKTON, Calif. - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the $10.2 million sale of a newly constructed, singletenant, netleased ARCO ampm in Stockton, California. The sale marks a record price and price per square foot for a convenience store and fuel station transaction in California over the last three years, according to CoStar.

Hanley Investment Group's Executive Vice President Bill Asher and Executive Vice President and Partner Jeff Lefko represented the seller, Promontory Development Group, a private developer based in the Sacramento metro area. The buyer, a private investor from the San Francisco Bay Area, was represented by Andy Bogardus of Cushman & Wakefield in San Francisco.

"We generated multiple qualified offers from both private and institutional investors," said Asher. "We procured an allcash 1031 exchange buyer based in the Bay Area who was a repeat buyer of convenience-store and fuel station assets familiar with the ARCO ampm brand and BP corporate net lease structure."

The property, located at 9036 Thornton Road in Stockton, was completed in 2025 and features a 3,400squarefoot building on 1.48 acres. It is a fullservice ARCO ampm unit that includes a convenience store, fuel station, car wash and EV charging stations. The offering represented a rare opportunity to acquire a new singletenant corporate investment backed by a global marketleading tenant.

"The asset is secured by a new 15-year absolute triple-net lease that includes both land and improvements, with minimal landlord responsibilities," noted Asher. "It's a structure that provides investors with long-term stability and a truly passive income stream."

The lease is guaranteed by BP Products North America, Inc. (NYSE: BP; S&P: A-), a wholly owned subsidiary of BP plc, one of the world's largest oil companies operating in 70 countries and ranked No. 25 on the Fortune Global 500 list for 2024.

"Investors were drawn to the strength of the guarantee from BP Products North America," Asher added. "BP is considered a national credit tenant with investment-grade ratings, and that assurance, combined with the property's multiple revenue streams, made this offering particularly compelling."

Situated along Thornton Road, a major north-south corridor that serves as the northern extension of Pacific Avenue, Stockton's primary retail artery, the site benefits from average daily traffic of approximately 24,000 cars. This visibility and access enhance the appeal of the convenience store, fuel station, car wash and EV charging facilities. Thornton Road, designated as County Route J8, connects Stockton to surrounding communities and is recognized as one of the city's busiest thoroughfares.

The surrounding area is a dense, affluent and highgrowth infill location, with a population of 239,000 within a five-mile radius and an average household income of $117,903 within one mile, more than 30% above the citywide average. Stockton is California's 11th largest city with more than 319,000 residents and serves as the county seat for San Joaquin County. The city has nearly 30,000 residential units planned or under construction and is home to A.G. Spanos Park, a master-planned community of more than 3,000 homes with additional phases planned. Stockton is also recognized as one of the nation's top transportation and logistics hubs and is home to multiple colleges, including San Joaquin Delta College (23,500 students), University of the Pacific (6,300 students) and Stanislaus State Stockton (10,500 students).

"This sale reflects the continued investor demand for corporate-backed net lease investments, especially those eligible for bonus depreciation, with strong activity anticipated through the close of 2025 and into 2026," Asher said.

About Hanley Investment Group

Hanley Investment Group Real Estate Advisors is a real estate brokerage and advisory services company with a $12.5 billion transaction track record that specializes in the sale of retail properties nationwide. The company's expertise, proven track record, and dedication to putting clients' needs first set it apart in the industry. Hanley Investment Group creates value by delivering exceptional results through propertyspecific marketing strategies, cutting-edge technology, and local market knowledge. Hanley Investment Group's relationships with investors, developers, institutions, franchisees, brokers, and 1031 exchange buyers translate into maximum exposure and pricing for each property. With unmatched service and more than 20 years of experience, Hanley Investment Group has redefined the experience of selling retail investment properties.

For more information, visit www.hanleyinvestment.com [http://www.hanleyinvestment.com/].

Media Contact
Company Name: Hanley Investment Group Real Estate Advisors
Contact Person: Bill Asher, Executive Vice President
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=hanley-investment-group-arranges-102-million-sale-of-newly-constructed-arco-ampm-fuel-station-cstore-ev-charging-and-car-wash]
Phone: 949.585.7684
Address:3500 East Coast Highway, Suite 100
City: Corona del Mar
State: California
Country: United States
Website: https://hanleyinvestmentgroup.com/

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