862 Magellan Dr
Tehachapi, CA 93561
Brand commitments from Chevron, 76 & Circle K · For Lease

PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION: OFFERING SUMMARY: 862 Magellan Dr offers a gas station tenant a nearly 1 Acre site with a 3,130 SF market, which will include Beer&Wine, and a 2,000 SF restaurant with a 10-car stacking drive-thru lane and 1,086 SF patio. Chevron, 76 & Circle K have already offered branding & fueling contract or you could choose your own. The property offers excellent exposure with freeway visibility and located 1 block from the 58 freeway on/off ramp. The area is rapidly developing with Starbucks, Home Depot, Tractor Supply Co, Adventist Hospital and 2 Hotels all having recently opened within 2 blocks of this property. The Conditional Use Permit has already been granted for the project which will include 10 fueling stations. Construction documents have already been submitted for city approval and will be provided. DEMOGRAPHICS: The area has seen rapid growth with over 9% population and housing growth in the last 10 years. The average household income was estimated at $86,000 within a 2-mile radius. LEASE RATE: Negotiable SALES PRICE: $2,700,000