Gas Grocery Property in King Cty. WA
Title
Gas Grocery in King Cty., WA
Occupancy
ADR
Average monthly Store Sales
Price
$2,950,000.00
Average Monthly Gas Sales Gallons
Rooms
Cap Rate
Status
Sold
Room Revenue
Annual Room Revenue
Annual Net Profit
Remarks
Prominently situated on a very busy arterial, with no nearby major brand competition, this Chevron has long supplied residents and passing motorists with fuel and auto care. While sales have declined due to absentee operation, fuel margins remain strong, The nearly 18,880 sq. ft. lot has high visibility, excellent access and egress, and plenty of parking and circulation area. An enterprising buyer might redevelop the service bays into a super high-volume state of the art convenience store in order to truly capitalize on the site’s potential. One of the most exciting features of this opportunity is that the Chevron contract has expired so a buyer may benefit from substantial incentive monies offered in consideration of a supply contract.
Title
Gas Grocery in King Cty., WA
Occupancy
ADR
Average Monthly Store Sales
Price
$2,950,000.00
Average Monthly Gas Sales Gallons
Rooms
Cap Rate
Status
Sold
Room Revenue
Annual Room Revenue
Annual Net Profit
Remarks
Prominently situated on a very busy arterial, with no nearby major brand competition, this Chevron has long supplied residents and passing motorists with fuel and auto care. While sales have declined due to absentee operation, fuel margins remain strong, The nearly 18,880 sq. ft. lot has high visibility, excellent access and egress, and plenty of parking and circulation area. An enterprising buyer might redevelop the service bays into a super high-volume state of the art convenience store in order to truly capitalize on the site’s potential. One of the most exciting features of this opportunity is that the Chevron contract has expired so a buyer may benefit from substantial incentive monies offered in consideration of a supply contract.
Address
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zip code
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city
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State
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Lot size
18880
Building Size
2028
Brand
Chevron
Operating hours
6am-10pm
Address
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zip code
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city
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State
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Lot size
18880
Building Size
2028
Brand
Chevron
Operating hours
6am-10pm