Gas Station for sale in Bay Area $8,500,000
(Address and Financial will be provided after signing an NDA)
- 28,096 Sq.Ft.lot, Store 2,200 Sq.Ft.
- Gross sale $6,872,000/Y, net income $775,570/Y.
- Total gas sales 120k /month at 50 cents. Business sells E85, gasoline, and diesel.
- Split 100k gas, 10k e85, and 10k diesel.
- Station equipment roughly at $1,200,000.
- The car wash was completed in January of 2018. The tanks on the property were installed in 2014 and the 6 dispensers were installed brand new in 2015.
- 215,000 gallons tanks, split 10,000 for 87 gas, 5,000 for 91st gas. Second tank: 10,000 for diesel, 5,000 for E85.
- Fuel supply agreement with Mobil for 15 years. Agreement executed on July 18, 2016.
- Beer and wine is also possible for the site a beer cave would work great.
- Cap Rate 9%.