An AM-PM mini-mart, Arco gas station and drive-thru fast-food outlet are going into a long-vacant property across the street from Executive Airport in south Sacramento.
A Southern California AM-PM franchisee acquired the land this week for $645,000 and likely will open the new business within 18 months, said Dave Herrera, a Colliers International broker who represented a local partnership that sold the land.
Herrera said the buyer most likely will open a Del Taco drive-thru restaurant at the site, along with an AM-PM mini-mart and service station, but is considering other fast-food alternatives.
“He has a couple of different franchises and will combine two of them,” he said.
The land in the sale includes three parcels at the northwest corner of Freeport Boulevard and Blair Avenue. For years, the property was the site of a Kwik Shop convenience store and service station.
Herrera said multiple parties have expressed interest in the 1.51-acre property since it went on the market about one month ago.
The AM-PM chain, which has more than 1,000 locations concentrated on the West Coast, conducted traffic studies and “determined that a gas station is needed there,” he said.