This Location Is An Income-producing Power House

Business Overview:

This location is an income-producing power house with a net profit of $1.3 million a year. The gas station is sitting on 83 acres and on one of Hayward's busiest roads, with a very high traffic count of over 20,000 cars a day. There are multiple streams of income here on this very special property; the first would be the 2,000-square-foot convenience store. The store brings in over $135,000 a month with very little effort; there's a lot of traffic here. The second stream is the car wash, which was updated in 2023 and washes over 70 cars a day and brings in over 178,000 a year. The car wash is 100% automated and needs no employees to run, which is a huge plus. The third stream is the gas, which has a full canopy with four updated (2015) MPD's that are pumping over 100,000 gallons a month at a very high margin; some grades have a $1-dollar net profit per gallon. The property is clean with updated fiberglass tanks (2 x 15,000 gallons) that were installed in 2013. The seller also has a billboard across the street that could be added to this deal, which brings a net profit of $210,000. The seller also has pre-approved plans for a charging station for electric cars right across the street. The asking price is firm at $11,000,000, which brings this deal to a cap rate of 11.83%. The seller is looking to sell the property as well, which has the billboard and plans for a charging station, as a package deal for $15,000,000. Make an offer.

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