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423 Ventura St
Fillmore, CA 93015
Valero Gas Station & Circle K - Fillmore · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy Traffic - 40k+ Cars Per Day - Hwy 126 Connects Santa Clarita to Santa Barbara
- Real Estate + Business - Brand New C-store, Remodel Will Cost 350k.
- E-85 Conversion Available
- Value Add Potential - Absentee Owner - 30 Year Ownership
- Great Neighborhood Demographics - Abundance of Developments - Growing Population
- Neighboring Tenants - Starbucks, Mcdonalds, Taco Bell, 7 Eleven, Carls Jr, Jiffy Lube, Chevron, I Hop, Dominos, Wing Stop, Subway & Grocery Outlet
EXECUTIVE SUMMARY
Valero / Circle K Gas Station for Sale. Property and Business. Prime Location, Corner Lot with Heavy Traffic Counts. Beer and Wine License.
C-Store Under Remodel and will be completed within 1 month. 500 brand New Home development Across The Street Being Sold & Leased. Hwy 126 connects the 5 to the 101. Canopies, Pumps & Signage Has Been remodeled.
Sales:
Monthly Gas Volume : 50k Gallons
Average Margins : 85 cents
Monthly C-store Sales : 125k at 30% Margin (6% royalties and 3% rebate)(Has Beer and Wine) (2,000 SF Store)
Lottery : 25k
Propane : ?
Valero Fuel Contract Term : 8 years left (Liquidated Damages are 150K)(Minimum 45k Gallons a Month)
Fuel Supplier : SEI Fuels
Circle K Term : 9 years left (Liquidated Damages are around 130k)
Tanks : 4 tanks 12k each - Double walled Fiber Glass - 89 12k Blend 91 12k Diesel 12 & 87 12k (30 year Old Tanks)
Currently sells around 5,500 - 6k gallons in Diesel
Value Add:
Opportunity to run a lower margin and raise the Gas Volume. Potential to convert 1 of the 87 tanks to into E-85. Government has granted $59k and in total will cost 80k for the work. Traffic engineers claims the site will do very well because no station in Fillmore has E-85. The Calculations come to around a 6k Net Income just on E-85.
Hours :
Monday - Thursday : 4:30am - 12 Midnight
Friday : 4:30am- 1am
Saturday : 5am - 1am
Sunday 6am-12 Midnight
No mandatory 24 hr with Circle K
C-Store Under Remodel and will be completed within 1 month. 500 brand New Home development Across The Street Being Sold & Leased. Hwy 126 connects the 5 to the 101. Canopies, Pumps & Signage Has Been remodeled.
Sales:
Monthly Gas Volume : 50k Gallons
Average Margins : 85 cents
Monthly C-store Sales : 125k at 30% Margin (6% royalties and 3% rebate)(Has Beer and Wine) (2,000 SF Store)
Lottery : 25k
Propane : ?
Valero Fuel Contract Term : 8 years left (Liquidated Damages are 150K)(Minimum 45k Gallons a Month)
Fuel Supplier : SEI Fuels
Circle K Term : 9 years left (Liquidated Damages are around 130k)
Tanks : 4 tanks 12k each - Double walled Fiber Glass - 89 12k Blend 91 12k Diesel 12 & 87 12k (30 year Old Tanks)
Currently sells around 5,500 - 6k gallons in Diesel
Value Add:
Opportunity to run a lower margin and raise the Gas Volume. Potential to convert 1 of the 87 tanks to into E-85. Government has granted $59k and in total will cost 80k for the work. Traffic engineers claims the site will do very well because no station in Fillmore has E-85. The Calculations come to around a 6k Net Income just on E-85.
Hours :
Monday - Thursday : 4:30am - 12 Midnight
Friday : 4:30am- 1am
Saturday : 5am - 1am
Sunday 6am-12 Midnight
No mandatory 24 hr with Circle K
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
1992
Price
$4,999,000
Price Per SF
$2,499.50
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.31 AC
Zoning
C3, Fillmore
Parking
9 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 053-0-102-110 | Improvements Assessment | $175,222 |
| Land Assessment | $342,012 | Total Assessment | $517,234 |
PROPERTY TAXES
Parcel Number
053-0-102-110
Land Assessment
$342,012
Improvements Assessment
$175,222
Total Assessment
$517,234
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