New 76 fueling station, C-Store & More! | 2300 Western Ave
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New 76 fueling station, C-Store & More! 2300 Western Ave
1,684 SF 100% Leased Industrial Building Las Vegas, NV 89102 $6,950,000 ($4,127/SF) 11.83% Cap Rate
Investment Highlights
- Brand new 76 branded fueling station under development (and more!) - ETC Q4 2024!
- Features 8 fueling dispensers inclusive of Diesel (both On-Road & Off-Road diesel!), DEF and 3 grades of gasoline.
- A variety of revenue sources contribute to this opportunity!
- Located on .70 acre lot w/approx 3,915sf of existing and newly remodeled improvements in 2024 (1,684 +/- sq ft original bldg built in 1965)
- Propane is also available for sale at existing dedicated propane fueling area!
- Zoned: M (Industrial) City of Las Vegas Redevelopment Plan for the Downtown Redevelopment Area - many benefits available to be utilized
Executive Summary
Brand new 76 branded fueling station under development (and more!) - ETC Q4 2024! Features 8 fueling dispensers inclusive of Diesel (both On-Road & Off-Road diesel!), DEF and 3 grades of gasoline. Propane is also available for sale at existing dedicated propane fueling area!
Approximately 3,915sf of improvements when construction completed - a to be constructed new building located at the southern end of the parcel is to add approximately 1,670sf sf inclusive of 2 roll-up doors at each end to accommodate a number of additional automotive related businesses (think auto-wrap, auto-tinting, et al. etc.); an additional 2 drive-thru bays (apprx 560sf+/-) added to the existing garage-bay building for a total of 4 drive-thru bays (think typical LOF (Lube, Oil, Filter) operation e.g. Valvoline, Jiffy Lube, Take 5, Oil Stop, SpeeDee, etc., type operations) – all contributing their respective income streams to the opportunity. Total building improvements will be approximately 3,915sf. Additional revenue to be derived from two dedicated food/coffee truck leased spaces, yielding approximately $3,500/month for each.
Super location just North of W. Sahara Ave, East of US I-15 FWY, and flanked by two well traveled streets (Western Ave and Highland Dr - just north of W. Sahara Ave., east of US HWY I-15 and west of Las Vegas Blvd), with exposure, access and frontage to two streets on this triangular shaped 3/4+/- acre parcel - Imagine the Flatiron building location in New York!
This location is surrounded by a large number of businesses, fleet limousine & taxi, retail, manufacturing, and their many and varied workforce accessed directly from West Sahara Ave!
This property is located within a City of Las Vegas redevelopment area and may be eligible for incentives.
City of Las Vegas jurisdiction and Zoned: M (Industrial) - which offers a vast number and variety of uses.
OWC Terms Offered to qualified purchaser! DP: $4,250,000 .00, Interest Rate of 6.9%, OWC 1st Mortgage: $2,700,000, Term: Fully amortized over 15 years with no balloon payment; 1st Mtg Payment: approximately $24,117.66;
Personal Property/Equipment to be conveyed with the sale of the property: POS system, Shelves, Pumps, General Lube Equipment, Propane, Cash Register, Underground Fuel Tank, Compressor, Trash Cans, Receptacles, Dumpsters.
Owner will also consider a ground lease and lease with option to purchase - terms negotiable.
Digital Concept Rendering - Initial (since modified) Service Station: https://drive.google.com/file/d/1uTm4YnbiRAmhCq_oVoVOSISOqJ6UkJ1V/view
2024-2025 RE Taxes: $5,412.36
Approximately 3,915sf of improvements when construction completed - a to be constructed new building located at the southern end of the parcel is to add approximately 1,670sf sf inclusive of 2 roll-up doors at each end to accommodate a number of additional automotive related businesses (think auto-wrap, auto-tinting, et al. etc.); an additional 2 drive-thru bays (apprx 560sf+/-) added to the existing garage-bay building for a total of 4 drive-thru bays (think typical LOF (Lube, Oil, Filter) operation e.g. Valvoline, Jiffy Lube, Take 5, Oil Stop, SpeeDee, etc., type operations) – all contributing their respective income streams to the opportunity. Total building improvements will be approximately 3,915sf. Additional revenue to be derived from two dedicated food/coffee truck leased spaces, yielding approximately $3,500/month for each.
Super location just North of W. Sahara Ave, East of US I-15 FWY, and flanked by two well traveled streets (Western Ave and Highland Dr - just north of W. Sahara Ave., east of US HWY I-15 and west of Las Vegas Blvd), with exposure, access and frontage to two streets on this triangular shaped 3/4+/- acre parcel - Imagine the Flatiron building location in New York!
This location is surrounded by a large number of businesses, fleet limousine & taxi, retail, manufacturing, and their many and varied workforce accessed directly from West Sahara Ave!
This property is located within a City of Las Vegas redevelopment area and may be eligible for incentives.
City of Las Vegas jurisdiction and Zoned: M (Industrial) - which offers a vast number and variety of uses.
OWC Terms Offered to qualified purchaser! DP: $4,250,000 .00, Interest Rate of 6.9%, OWC 1st Mortgage: $2,700,000, Term: Fully amortized over 15 years with no balloon payment; 1st Mtg Payment: approximately $24,117.66;
Personal Property/Equipment to be conveyed with the sale of the property: POS system, Shelves, Pumps, General Lube Equipment, Propane, Cash Register, Underground Fuel Tank, Compressor, Trash Cans, Receptacles, Dumpsters.
Owner will also consider a ground lease and lease with option to purchase - terms negotiable.
Digital Concept Rendering - Initial (since modified) Service Station: https://drive.google.com/file/d/1uTm4YnbiRAmhCq_oVoVOSISOqJ6UkJ1V/view
2024-2025 RE Taxes: $5,412.36
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$312,000
|
$185.27
|
| Other Income |
$607,500
|
$360.75
|
| Vacancy Loss |
$20,280
|
$12.04
|
| Effective Gross Income |
$899,220
|
$533.98
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$76,840
|
$45.63
|
| Net Operating Income |
$822,380
|
$488.35
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $312,000 |
| Annual Per SF | $185.27 |
| Other Income | |
|---|---|
| Annual | $607,500 |
| Annual Per SF | $360.75 |
| Vacancy Loss | |
|---|---|
| Annual | $20,280 |
| Annual Per SF | $12.04 |
| Effective Gross Income | |
|---|---|
| Annual | $899,220 |
| Annual Per SF | $533.98 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $76,840 |
| Annual Per SF | $45.63 |
| Net Operating Income | |
|---|---|
| Annual | $822,380 |
| Annual Per SF | $488.35 |
Property Facts
Amenities
- Fenced Lot
Utilities
- Water - City
- Sewer - City
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PROPERTY TAXES
| Parcel Number | 162-04-404-001 | Improvements Assessment | $68,000 |
| Land Assessment | $192,100 | Total Assessment | $260,100 |
PROPERTY TAXES
Parcel Number
162-04-404-001
Land Assessment
$192,100
Improvements Assessment
$68,000
Total Assessment
$260,100
zoning
| Zoning Code | M - Industrial (M - Industrial) |
| M - Industrial (M - Industrial) |
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New 76 fueling station, C-Store & More! | 2300 Western Ave
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