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… Read 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. Read Less
$1,599,999
Listing Snapshot
Days Online
203
Last Updated
Property Type
Other
Lot Size
1.81 Acres
Year Built
2015
MLS Number
CV24238160
30 Days Snapshot Of 92335
$620k
+19%
(avg) sold price
12
-40%
homes sold
55
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2015
Expenses
Operating expense: $42,000
Lot
1.8121 acres, 78,935 square feet, Size: 78,935
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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