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.
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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.