Large Chevron Station With Great Visibility

Description

Gas station and convenience store for sale. The site has operated under the same brand since the 1990s.

The property is approximately 1.84 acres and includes a 2,800 sq. ft. convenience store, eight Wayne fuel dispensers and a car wash.

The dispensers are less than two years old and offer four fuel grades, including diesel.

Recent upgrades include LED lighting and a new price sign.

Fuel volume averages about 69,000 gallons per month with a reported gross profit of approximately $0.35 per gallon.

Store sales average around $32,000 per month at a reported 35% gross margin.

Lottery sales are approximately $10,000 per month with a reported 5% gross margin.

The property sits at the intersection of two major roads. The seller reports traffic counts of roughly 16,000 and 41,000 vehicles per day.

The car wash is currently out of service. Repairs are estimated at approximately $3,000 to $4,000.

The lease runs for 10 years with one additional five-year option and 3% annual increases.

At closing, the buyer will need approximately $30,000 for the first lease payment and security deposit, plus a separate $30,000 fuel deposit.

Landlord approval and a signed NDA are required.