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September 22, 2023
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ARCO and AM/PM Property in Apple Valley Sells for $5.6 Mil


A free-standing ARCO Gas Station and AM/PM Convenience Store in Apple Valley traded hands for $5.65 mil. Built in 1998, the property is located at 15333 Rancherias Rd, at the signalized intersection of Rancherias Rd and US Hwy 18.

The well-established ARCO station has six dispensers with 16 fueling positions and a 2.7k sf AM/PM convenience store where customers can purchase a variety of grocery items including snacks, to-go fresh food and beverages including beer and wine (type 20 liquor license). The purchase included both the business and the real estate.

The property is located in a densely populated area with a population of almost 40,000 residents with an average household income in excess of $91,000 within a three-mile radius. Neighboring retailers include Wal Mart, Albertsons, America’s Tire, AutoZone, Chase Bank, Little Caesars Pizza, McDonalds, Taco Bell and others.

Victor Buendia with Progressive Real Estate Partners represented both parties in the transaction.

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