A Pilot Flying J Travel Center in Jurupa Valley, California, is on the market for $17,187,000.
RealSource Group, Newport Beach, California, a national commercial real estate brokerage company, is listing the 15,500-square-foot travel center and fuel lanes that sit on a 11.50-acre parcel.
The travel center is off State Route 60, on which 185,000 cars travel daily, and Interstate 15, which gets 155,000 cars daily, RealSource Group said. Built in 2019, the location has a large freeway-visible 50-foot pylon sign. The broker did not disclose the seller.
“The property has multiple income streams, including 12 fueling lanes, a drive-thru Wendy's, Cinnabon, PJ Fresh Marketplace, a Western Union, 107 truck parking spots plus 48 reserved parking spots, two ATMs, CAT-certified scales and nine onsite showers,” said Austin Blodgett, RealSource Group’s senior vice president of investment sales.
Pilot Flying J has 15 years remaining of the initial lease term with four five-year options, Blodgett said. “Under the current lease terms, net operating income totals $687,496 with the July 2023 rent increase. Lease terms include 10% rental increases every five years.”
The region has a strong warehouse and distribution sector with new development, Blodgett said. “There is over 86 million square feet of industrial space and a 1% average industrial vacancy within a three-mile radius of Pilot Flying J Travel Center,” he said. "National brand distribution warehouses, such as Amazon, Costco, Walmart, Home Depot, Petco and Baskin Robbins, are located within a five-mile radius of the property, plus there is 6.2 million square feet of industrial space under construction.”
Pilot Flying J is 10 minutes from Ontario International Airport and one hour from Palm Springs International Airport, John Wayne Airport and Los Angeles International Airport.
RealSource Group, founded in 1991, is a national commercial real estate brokerage company that specializes in tenant representation, investment sales and sale-leaseback transactions.
With headquarters in Knoxville, Tennessee, Pilot has more than 800 retail and fueling locations and supplies more than 14 billion gallons of fuel per year to the market. Its Pilot and Flying J travel center network includes more than 750 locations in 44 states and six Canadian provinces with more than 790 restaurants, 75,000 truck parking spaces, 5,300 showers, 6,200 diesel lanes and truck maintenance and tire services with Southern Tire Mart at Pilot Flying J. The One9 Fuel Network connects a variety of fueling locations to provide smaller fleets and independent professional drivers with value, convenience, credit and perks.
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