Large Chevron Station With Great Visibility

Description

This gas station has operated under the same brand since the 1990s and has served the surrounding community throughout that time. The property consists of approximately 1.84 acres with ample parking and is situated on a triangular parcel.The facility includes a 2,800 square foot convenience store under canopy, eight Wayne fuel dispensers, and a car wash. Recent upgrades include new LED lighting and a new price sign. The fuel dispensers are less than two years old and offer four grades of gasoline, including diesel.Fuel sales average approximately 69,000 gallons per month at a gross profit of 0.35 per gallon. Store sales average approximately 32,000 per month at a 35 percent gross profit margin. Lottery sales average approximately 10,000 per month at a 5 percent gross profit margin.The property is located in a predominantly residential area at the intersection of two major roads with traffic counts of approximately 16,000 and 41,000 vehicles per day. The car wash is currently not operating and requires repairs estimated between 3,000 and 4,000.The lease term is 10 years with one 5 year renewal option and annual increases of 3 percent. A first month lease payment and security deposit totaling 30,000, along with a 30,000 fuel deposit, will be required at closing. The buyer must be approved by the landlord. A signed non disclosure agreement is required for additional information.