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$1,599,999
Est. payment /mo
1.81 Acres Lot
UPDATED:
12/05/2024 05:10 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24238160
HOA Y/N No
Year Built 2015
Lot Size 1.812 Acres
Property Description
Business Overview:
• Property Type: Shell Gas Station & Convenience Store
• Location: Prime location on Arrow Blvd in Fontana, CA with high visibility and heavy traffic.
• Ownership: Currently absentee-owned, offering potential for increased profits through more active management.
• Lease Terms: 10-year lease, plus two 5-year options to extend. Rent: $16,500/month.
• Shell Supply Agreement: Existing agreement with Shell, which ends in 5 years, offering flexibility for a new owner.
Financials:
• Monthly Store Sales: $85,000 - Store Margin: $0.40 per gallon • Monthly Gross Profit from Store: $34,000
• Monthly Gasoline Sales: 60,000 gallons Gasoline Margin: $0.55 per gallon • Monthly Gross Profit from Gasoline: $33,000
• Total Monthly Gross Profit (Store + Gas): $67,000 • Annual Gross Profit: $780,000
Rent: $16,500/month
Net Operating Income (NOI): $48,500/month (after rent)
Annual NOI: $582,000
Property Features & Key Highlights:
• Prime Location: High-traffic, visible location in Fontana, providing both daily vehicle and foot traffic.
• Strong Gasoline Sales: 60,000 gallons/month with a healthy margin of $0.55 per gallon.
• Convenience Store Sales: $85,000/month with a solid margin of $0.40 per gallon.
• Absentee Ownership: Current owner operates the business absentee, which provides a great opportunity for a more hands-on operator to boost profits.
• Long-Term Lease: 10-year lease with two 5-year options, providing stability and long-term income potential.
• Shell Supply Agreement: The current supply agreement with Shell runs for another 5 years, with the possibility of renegotiation or transition to another supplier.
• Potential for Growth: Opportunity for increased profits with active management, improved marketing, and expanding product offerings in the convenience store.
Investment Opportunity:
• Potential for Increased Revenue: The absentee owner’s lack of day-to-day involvement presents a unique opportunity for a more active owner to increase sales, optimize operations, and improve margins.
• Strong Cash Flow: With monthly gross profits of $65,000, this is a solid income-generating business.
• Exit Strategy: A well-established, profitable business with a long-term lease and existing supply agreement provides stability and a solid foundation for long-term investment.
• Property Type: Shell Gas Station & Convenience Store
• Location: Prime location on Arrow Blvd in Fontana, CA with high visibility and heavy traffic.
• Ownership: Currently absentee-owned, offering potential for increased profits through more active management.
• Lease Terms: 10-year lease, plus two 5-year options to extend. Rent: $16,500/month.
• Shell Supply Agreement: Existing agreement with Shell, which ends in 5 years, offering flexibility for a new owner.
Financials:
• Monthly Store Sales: $85,000 - Store Margin: $0.40 per gallon • Monthly Gross Profit from Store: $34,000
• Monthly Gasoline Sales: 60,000 gallons Gasoline Margin: $0.55 per gallon • Monthly Gross Profit from Gasoline: $33,000
• Total Monthly Gross Profit (Store + Gas): $67,000 • Annual Gross Profit: $780,000
Rent: $16,500/month
Net Operating Income (NOI): $48,500/month (after rent)
Annual NOI: $582,000
Property Features & Key Highlights:
• Prime Location: High-traffic, visible location in Fontana, providing both daily vehicle and foot traffic.
• Strong Gasoline Sales: 60,000 gallons/month with a healthy margin of $0.55 per gallon.
• Convenience Store Sales: $85,000/month with a solid margin of $0.40 per gallon.
• Absentee Ownership: Current owner operates the business absentee, which provides a great opportunity for a more hands-on operator to boost profits.
• Long-Term Lease: 10-year lease with two 5-year options, providing stability and long-term income potential.
• Shell Supply Agreement: The current supply agreement with Shell runs for another 5 years, with the possibility of renegotiation or transition to another supplier.
• Potential for Growth: Opportunity for increased profits with active management, improved marketing, and expanding product offerings in the convenience store.
Investment Opportunity:
• Potential for Increased Revenue: The absentee owner’s lack of day-to-day involvement presents a unique opportunity for a more active owner to increase sales, optimize operations, and improve margins.
• Strong Cash Flow: With monthly gross profits of $65,000, this is a solid income-generating business.
• Exit Strategy: A well-established, profitable business with a long-term lease and existing supply agreement provides stability and a solid foundation for long-term investment.
Location
State CA
County San Bernardino
Area 264 - Fontana
Interior
Fireplace No
Others
Tax ID 0191231440000
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Listed by Ghydan Rabadi • BRIDGE REALTY • 626-712-4776
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908