Operating Gas Station For Sale 9% Cap Rate

Retail-Commercial for Sale
Catylist Listing ID: 30766747
Property Subtypes: Service Station/Gas Station
Building Size (RSF): 2,442 SF
Gross Building Area: See Agent
Gross Land Area: 0.54 - 0.82 Acres
Sale Price: $390,000
Unit Price: $159.71 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 11/23/2021

Overview / Comments

Absolute Investment Realty has been selected to exclusively represent the owner in the sale of Valley Express, a successful operating convenience store located on the main thoroughfare in Estancia, NM. The Valley Express gas station and convenience store has been in continuous operation as one of the main fuel stations in Estancia for over 32 years, owned by the current owner for 15 years.

The well-maintained condition of the property shows the pride in ownership. Valley Express is one of only 2 gas station c-stores in the Estancia market and serves not only the town of Estancia but the larger surrounding agricultural community. The buyer of this property may have an opportunity to expand the business by acquiring the adjacent apartment building (also available at $64,000) adding fuel pumps and selling dyed diesel fuel for farm equipment. Don’t miss this opportunity to acquire this busy gas station and c-store.

The sale includes an operating profitable fuel station and convenience store business (inventory is not included in the sale price and changes daily, please inquire with broker for more information).

Additional Details

Nearest MSA: Albuquerque
County: Torrance
Tax ID/APN: 1048035171237000000
Property Visibility: Excellent
Largest Nearby Street: Located on NM 41, Estancia's main street.
Site Description: The Valley Express gas station and convenience store has been in continuous operation as one of the main fuel stations in Estancia for over 32 years. The property comprises 8 recently upgraded fuel dispensers (8 Gasoline, 2 with Diesel), +/- 968 sf C-Store with 10-door walk-in cooler, and +/-1474 sf warehouse with 16 ft ceiling. The adjacent 2-unit apartment property is also available which can be combined with the Valley Express property (available at $64,000). The building consists of a 1 bedroom apartment and a 2 bedroom apartment, which are almost always fully leased. Combining this 0.28 acre property with the 0.54 Acre Valley Express property will create a 0.82 Acre parcel on the corner of Joseph Rd and 5th Street with 3 street access points. The property is located directly across from a busy Speedway (Marathon) gas station and near the Estancia Municipal Airport.
Area Description: Estancia, NM is located in Torrance County, a short 1 hour drive just south east of Albuquerque. It is the primary hub for goods and services for a large rural population in Torrance County. Located on NM Hwy 41, which connects numerous rural communities along the eastern-central side of the state with I-40, he property is an established fuel station in the heart of Estancia, A strong agricultural community has been the foundation of the town for over 100 years. Farming and ranching still remain powerful influences to the way of life in Estancia Valley. An hour’s drive from Albuquerque and an hour and a half drive from Santa Fe, this small town offers a rural atmosphere with easy access to big cities.

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Contact

Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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