In the life cycle of commercial properties all properties arrive at the end-of-life for their particular use, and become what is called economic obsolete. As economies evolve, demographics around the property expand or contract, municipalities prosper or wane, etc., redevelopment of the property for the same use may not be the "highest and best use" of the property.
Redevelopment properties come to market based on the value of the land, and the value of the improvements that would be salvageable for the new development, including costs to develop if it were bare land. There is typically no business value to sell, although some of the existing equipment may have salvage value.
Many, if not most, of the economically obsolete gas stations have been weeded out at this time in the economic cycle. However, there are still a few that have not been taken out of the population. Typically these situations have been pursued by developers and entrepreneurs. The most common concern by the buyer is usually environmental relating to the UST system. Our experience and training in this area provide the resources and expertise necessary to accommodate these concerns and provide solutions to the problems, if any.
Calvert Shell, Buckeye AZ
Business + Real Estate
Real Estate: APN County.
Parcel size: +/- sf. (Approx. ac.)
Building size: 2 +/- sf.
Built in
fuel islands w/ MPDs
Business Facilities:
Want more info? --------> Contact
SOLD
Real Estate: APNs: 308-09-143B and -144B in LaPaz County.
This is a rural location about 75 mi. NW of Phoenix.
2 Parcel Size: 17,350 + sf
Zoning: GB
Store Building: 3,083 + sf built in 1957
Fuel Canopy: 35 + ft. x 20 + ft.
Fuel System: The fuel system has been removed from this site, and it's in the process of closure with ADEQ. Seller will indemnify buyer from environmental
issues relating to the former UST system.
Zoning for redevelopment is General Business in LaPaz county.
Redevelopment of a Gas Station & C-store, Wenden AZ - Property For Sale - Asking $195,000
Business Profile: Interim 2017 financials now available (3-31-17)
Building is a small c-store. The site is located at an I-40 exit in northern AZ. Owner is retired & absentee. While an excellent location, the business should be considered a turnaround. Equipment includes gondolas, merchandise racks & coolers, and an 8-camera video security system. Products include Lottery food stamps & money orders. Chevron brand assignable subject to jobber approval.
Want more info? Maybe financials? -----> Contact
Holbrook Chevron, Holbrook AZ
Now Asking Only $795,000 for the Business with 1.04 +/- ac. real estate
Real Estate: APN:
Parcel Size:
Building: + sf built in ____
Fuel Canopy: approx. ft. x ft.; 14.5 ft. clearance.
Fuel System: Installed in
tanks
Piping:
Dispensers:
Fuel Control/Cashiering:
Electric Enviro. Monitor:
NEW LISTING COMING SOON - For Sale - Asking $____________________
New Gas Station Listing Coming Soon
PROPERTIES & BUSINSSES CURRENTLY AVAILABLE
(Please scroll down for ALL businesses & properties)
Business Profile: 2017 2016 2015
Total Sales $1,354,000 .1,252,000 1,339,000
Avg. Fuel Vol/mo. 35,000 gal. 35,000 gal. 34,000 gal.
Pooled Margin $.26/gal. .34/gal. $.38/gal.
Avg. Store Sales/mo. $16,000 17,000 16,000
Store Gross Margin 40% 43% 41%
Total Gross Profit $262,000 312,000 271,000
The building has a c-store and 2 auto service bays. The store offers traditional c-store food, beverages & merchandise. The business does not offer Lottery, alcohol (been-n-wine), food stamps, Western Union, check cashing, towing service or U-Haul - all of these are viable additions to the business for upside potential.
For 2015, total gross profit was 25% higher than 2014, and Seller's Discretionary Earnings for the period were up 50% vs. 2014.
Want more info? Maybe more details of the financials? -----> Contact
Real Estate: APN: 109-24-041 in Navajo County.
This is a rural location on interstate 40 about 3 1/2 hrs. north of Phoenix.
Parcel Size: 45,302 + sf (1.04 + ac.) SEE ADDITIONAL LAND
AVAILABLE BELOW.
Building: 838 + sf built in 1986
Fuel Canopy: Huge single canopy covers the c-store and 2 fuel islands
in front & back of the building.
Fuel System: Installed in 1986
3 /20k gal. fiberglass coated steel tanks
Piping: steel w/cathodic system.
Dispensers: 4 Wayne MPDs w/CRINDs
Fuel Control/Cashiering: Wayne Nucleus
Electric Enviro. Monitor: VeedeRoot TLS-350
MJG Gas Station Specialists LLC
New Gas Station Listing Coming Soon
WHERE BUSINESSES ARE OFFERED, ALL ASKING PRICES ARE "PLUS INVENTORY"
ATTENTION BROKERS: It is MJG's policy to cooperate (co-broke) with qualified real estate brokers and business intermediaries. Occasionally, however, we accept a listing that requires a recission of this policy; these are the exceptions rather than the rule. In these cases, you will find the property marked "No Co-Broke".
Business Profile: The business is closed at this property. This offering is for the real estate only. This property could be a restart for a c-store or retail in the existing building, or redevelopment. This was the only gas station property in Wenden. Want more info? -----> Contact
A NEW GAS STATION LISTING COMING SOON
Holbrook Commc'l Land, Holbrook AZ - For Sale
Available: 2.76 +/- ac. Parcel, and
1.30 +/- ac. Parcel
Chevron Branded Gas Station & C-store
Golden Valley AZ
Asking only $595,000 for Business and the Real Estate
NEW LISTING COMING SOON - Asking $
Land Currently Available
Freeway Chevron, Willcox AZ - For Sale
PRICE REDUCED - Now Asking Only $785,000- Includes 2.50 +/- ac. Real Estate
Located at Interstate 10 Exit 336 in SE Arizona
REDEVELOPMENT OPPORTUNITIES
PRICE REDUCED $100,000
76-Branded Gas Station & C-Store
Prescott AZ
Offering Business-Only for $435,000 + Inventory
New Listing Coming Soon - Asking $
Freeway Chevron Land, Willcox AZ- For Sale
Approx. 18 Ac. at the Off-Ramp: Asking $152,500
Real Estate: APN: 106-16-004D in Yavapai County AZ
Parcel size (combined): 27,878+/- sf,
Building size: 3,744 +/- sf,
Leasable Space: 2,079 +/- sf
USTs: (Newly installed Jun 2019) 2/10k gal DWFG tanks; 1 partitioned
into 6k & 4k cells
Fuel Piping: FRP
Fuel Dispensers: 2/ Gilbarco Encore 700s; 3+1
Products Served: 3 grades of unleaded + diesel
Fuel Controller/Cashiering System: 2 station Gilbarco Passport
Elec. Enviro. Monitor: VeedeRoot TLS-350
The business seller is owner of the property and will executed a long term lease with the buyer. Terms offered are 10 year term, NNN structure, initial base rent of $3,000/mo, escalating over the primary term. Extension options will be considered.
Business Profile:
Store revenue centers include a deli featuring Piccadilly Pizza, a U-
Haul service, a U.S. Post Office service (Seller operates as a
contractor), Beer-n-Wine, and Lottery.
The 76 brand Agreement is for 10-years, expiring in 2025. Image
upgrade for signage, canopy & dispensers was done in 2015
coincidental with the beginning of the Agreement period.
Service contracts are assignable subject to buyer qualifications and counter-party approval.
Want more info? Financials maybe? --------> Contact
Occasionally a gas station property will be built on a parcel larger than the gas station improvement, resulting in excess land on the parcel being sold. In most cases the seller will offer to either sell the extra land with the business and the improvements, or subdivide the parcel into 2 parcels, one with the gas station improvements and one being the extra land. This situation is found most often in rural properties. Many gas station buyers will take the extra land for further development, adding such things as retail centers, motels, RV parks, MHPs, and restaurants,
We also are called on from time-to-time by investors who own larger urban and suburban properties than they want to sell, but want to split off a "gas station corner" from the total and offer it separately. Land for gas station use has traditionally carried a premium over retail use, typically zoned C-2 in metropolitan jurisdictions, or GB (general business) in rural locations. Until recently (Q1-17) this has been the case, due primarily to the fall-off in the economy over the last few years resulting in reduced construction and demand for undeveloped land, particularly in rural AZ. This has reduced the premium historically applied for gas station use. The slow recovery over the past few years has firmed up and restored some of the historic premium seen in gas station parcels. Also, the Nov. 2016 election of Donald Trump has triggered an enthusiasm and confidence about the economy that has elevated seller optimism about selling their properties. While prices have firmed vs. the 2008-09 pricing bottom, they are still well-below the 2005-2007 peak.
As these situations become available we offer them segregated from our usual gas station and convenience store properties and businesses, and are pleased to present them here.
Real Estate: APN: County AZ.
Parcel Size: +/- ac. ( +/- sf). Site originally built in .
Building:
Fuel Facility (gas station):.
Real Estate: APN:
Parcel size (combined): +/- sf,
Building size: +/- sf,
USTs:
Fuel Piping:
Fuel Dispensers:
Products Served: grades of unleaded gasoline plus diesel,
Fuel Controller/Cashiering System:
Elec. Enviro. Monitor:
Business Profile:
Equipment:
Want more info? How about financials? -----------> Contact
Real Estate: APN: 203-14-193 in Cochise County.
This is a rural interstate location about 75 mi. east of Tucson on I-10.
Projected Parcel Size: 108,900 + sf (The Chevron improvement is on a 12
ac. parcel. Seller will split off the Chevron improvement for
a buyer who does not want the entire 12 acs.
SEE ADDITIONAL LAND FOR SALE, BELOW.
Store Building: 2,463 + sf. Original 1,428 + sf building built in 1969; a new
1,035 + sf c-store add-on was built in 2002.
Fuel Canopy: 26 + ft. x 55 + ft.
Fuel System: Installed in 1978 and 1984
1 /6k gal., 1 / 8k gal, & 2 / 10 k gal. plastic lined steel USTs
with cathodic protection.
Piping: SWFG.
Dispensers: 2 Wayne MPDs w/CRINDs & 1 single-product Diesel dispenser at a separate island.
Fuel Controller: Single-station Wayne Nucleus.
Real Estate: APNs: 203-14-193, -089, -190, -191, -192, -198, and -199 in Cochise County.
Location: This is a rural interstate location about 75 mi. east of Tucson on
I-10. There is about 1,000 ft. of frontage on the east-bound on ramp to
I-10, and 1,200 ft. of frontage on Haskell Ave., the off-ramp artery that
runs into Willcox.
7-Parcel Size: 20 + ac. - The Chevron uses about 2.50 +/- ac. Seller will
subdivide the Chevron away from the remaining 17.95 + ac. for a
buyer who doesn't want the Chevron improvements.
Utilities: The Chevron has all utilities. Water is provided by 1 of 2 private
wells (the 2nd is capped). The city of Willcox has run irrigation water to the property. Sewage treatment is provided by a septic system.
The property is made up of 7 contiguous parcels totaling 20 +/- acres, all zoned
commercial (GB).
Want more info? Maybe a site map? -----> Contact
Real Estate: APN: 109-24-054 - 2.76 + ac. (Looking for a family restaurant, QSR or RV park for this larger parcel)
APNs: 1.30 + ac. adjacent to Chevron pending recording of lot split
2.0 acs.
-010F and =====>SOLD (Motel Developer)
-010H ======= > SOLD (Motel Developer)
in Navajo County.
Location: This is a rural interstate location about 90 mi. east of Flagstaff on
I-40. Located at exit 289, this is the first Holbrook exit for
west-bound travelers. This off-ramp artery is Navajo Blvd. which
runs into the town of Holbrook. There are connecting state highways
that run on a southwest diagonal from Holbrook to Phoenix reducing
travel time substantially vs.going west to Flagstaff then south to
Phoenix.
2-Parcel Size: 4.06 + ac.
Zoning: Both parcels are zoned GB. (General Business)
Utilities: Utilities are on the larger (2.76 ac.) parcel. This is the western
parcel adjacent to the Chevron.
Want more info? Maybe a site map? -----> Contact
Real Estate: APN: 304-41-906 in Mohave County
Parcel Size: 1.7 +/- ac.(74,052 +/- sf)
Building: 2.941 +/- sf
Fuel Canopy: 35 ft. x 63 ft. (2,205 +/- sf)
Fuel System installed in 1991:
3/10,000 composite USTs w/FRP piping,
4/Gilbarco Marconi MPDs w/CRINDS
Gilbarco Passport fuel control/cashiering system,
VeedeRoot TLS-350 environmental monitor
Business Profile: (Thru 9-30-18)
Total Sales $1,286,000
Gross Profit $282,000
Store Sales avg./mo: $93,000
Store Gross Margin: 29%
Fuel Vol. avg. gal./mo. 17,000
Pooled Margin: $.28/gal.
Products Served: Beer-n-wine, QSR - Krispy Krunchy Chicken (an
exclusive supplier relationship, not a franchise - no franchise fee), Lottery,
Money Orders, Food Stamps.
Want more info? Maybe historical financials? -------> Contact
MJG Gas Station Specialists LLC. All Right Reserved.