gas station flyer - loopnetthe gas station is currently operating as a sunoco, but there are no...

Indian River Real Estate Group (IRRE Group) (772)-410-4115 IRREGroup.com [email protected]

FOR SALE Sunoco Gas Station

Real Estate & Business For Sale

Address: 9090 US Highway 1

County: Brevard

Gas Station: Three (3) Pumps/Six (6) Pump Stations. New Tank, Sunoco Flag without Contractual Agreement.

Price: $1,300,000

IRRE Group has been engaged to sell the Sunoco Gas Station on US Highway 1 in Palm Bay/Micco. The store has achieved $1.4M in sales in 2015, 2016 and 2017. This is one of only two gas stations within 10 miles. High traffic counts, direct frontage on US Highway One, large lot for future expansion or additional development and an existing CBS building in good condition are just some of the features of this property. The gas station has a new, double-glass lined fuel tank and three gas pumps with a brand new canopy. This store is currently not offering hot food and there is no beverage or fuel distribution contracts in place. Everything is included; coolers, POS system, equipment, fixtures, etc. The owner wants it sold, bring offers!! Contact Mark A. Moore for details.


Demographic Summary

Provided in the following pages is a summary of the demographics in the subject area based on a 5, 10 and 15 minute drive time radius.


Site Size (SF)/Acres 33,977/0.78Front Feet 180Depth 200Number of Pumps 3Number of Pump Stations 6Number of Tanks 2Parking Space 6

Exterior Wall: CBSFrame: CBSRoof: Bu-Tg/MmbrnRoof Structure: Bar Joist RigidBuilding Use: C- Store/Gas StationYear Built: 1978Story Height: 12Floors: 1Base Area 1st 2,142Canopy 408Total Base Area 2,142

Total Area 2,550

Sunoco Site and Building Description

BUILDING DETAILS

Subject Property Details

Address: 9090 US Highway 1

County: Brevard

Year Built: 1978

GBA: 2,142 Square Feet

Tanks:

Double Glass Lined Tank

Current DEP Certificate

Currently Selling 30,000 Gallons + per Month

Pumps:

Three Pumps – Six Pump Positions

The total site size is 33,977 (+/-) square feet, or 0.78 acres. The site has direct frontage and exposure to US Highway 1. The site also has views of the Indian River Lagoon.

The site has 180 front feet of direct US Highway 1 frontage. There are six (6) parking spaces, plus the parking under the 408 square foot canopy. The parking lot is a mixture of asphalt and concrete. There is also a vac/air system and propane tank sales onsite.


2015 2016 2017Total Sales $1,400,000 $1,405,000 $1,348,246

C-Store $600,000 $600,000 $625,000Gas $775,000 $795,900 $714,858

Lotto $25,000 $9,100 $8,388Total Sales $1,400,000 $1,405,000 $1,348,246

COGSC-Store $387,088 $402,123 $370,000

Gas $854,265 $803,278 $817,352Misc $5,000 $5,000 $2,500

Total COGS $1,246,353 $1,210,401 $1,189,852

Gross Profit $153,647 $194,599 $158,394

Bank Charges $2,763 $4,665 $5,048Contributions $351 $0 $0

Eq Rental $701 $643.17 $705.00Utilities $14,674 $12,599 $12,957

Insurance $5,347 $8,426 $8,037Legal $3,100 $1,200 $6,000

Repairs $12,028 $8,154 $10,016Telephone $921 $555 $555Licenses $856 $1,365 $1,491

Total $40,741 $37,607 $44,809

NOI $112,906 $156,992 $113,585Cap Rate 8.7% 12.1% 8.7%

Actual Income and Expense Summary

* Salary Not Included in Expenses as Owner Operated

Summary of Financial Information

The gas station is currently operating as a Sunoco, but there are no contractual obligations to stay with Sunoco. The current owner is operating the gas station and does not use a wholesale distributor for C-Store merchandise. Many C-Stores in the area are expanding to include hot food, frozen drinks and other “self-serve” items. The market trend is towards convenience and many should be expanded at the subject, as the hot food bar is not currently being utilized.

The property serves as one of only two gas stations in the area. The subject has achieved $1.4M in sales over the last three years. The asking price of $1,300,000 includes the real estate, pumps, tanks and all FF&E associated with the business. We note no labor costs included in the provided expenses as the property is owner operated. The owner is higly motivated to sell!! Bring Offers!!

Contact Mark Moore for additional details. Contact information provided on the following page.


Summary of Property Information

Price: $1,300,000 NOI $115,000 to $150,000 over last three years Large Site to Accommodate Future Expansion Direct Frontage on US Highway 1 Limited Competition Value Add Opportunity

o No wholesale distribution purchases existing, no Flag Agreement, Owner Operated

Contact Information

Indian River Real Estate Group (IRRE Group)

Mark A. Moore

Licensed Real Estate Broker BK3157505

(772)-410-4115

[email protected]

gas station flyer - loopnetthe gas station is currently operating as a sunoco, but there are no...

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