2902 N 16th St
Phoenix, AZ 85016
High Volume Gas Station with ampm C-Store · Retail Property For Sale

Available immediately! High volume gas station with ampm franchise c-store and 1,502 sf car wash. Exisiting fuel and franchise agreements to be assigned. Significant capital improvements have been made to the property by way of incentive agreements with Tesoro/Andeavor. Upgrades include new canopy graphics and illumination system, new dispenser graphics and island trash cans. In exchange for updated interior and exterior signs, graphics, cleaning and paint refresh and other equipment upgrades, operator must opt-in to various incentive agreements, which are included in the Due Diligence Package. The current fuel system employs "vaulted" tanks that are encased in concrete. Under state law, vaulted fuel systems are exempt from paying the $0.01 per gallon environmental tax, resulting in substantial cost savings and gross profit benefits. Additionally, Seller has obtained quotes for upgrading the car wash system, including projected pro-forma performance analyses. An improved car wash offering has tremendous potential for increased income. See Due Diligence Package for more information.