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Shopping Auto Center

Circle K and 76 Station

2278 Main St, Riverside, CA 92501

Listing Price: $11,750,000

Cap Rate
8.60%
Gross SF
3,100
Rentable SF
3,100
Price/Gross SF
$3,790.32
Lot Size
1.21 acres
Year Built
2012

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple ownership of a property and thriving business located at 2278 Main Street, in Riverside, CA. The opportunity is comprised of a fully operational fuel station built in 2012 (the "Property"), that is branded with a Circle K C-Store (MTM) as well as a 76-fuel agreement (the "Business"). The investment offering comes equipped with six dispensers and 12 pumps (two dispensers/four pumps provide diesel), C-Store consisting of approximately 3,100 square feet, which includes Krispy Krunchy Chicken, as well as a fully integrated and operational Express Car Wash situated on 32,670 square feet of land. The service station has consistently outperformed the state average monthly gallons sold, with over 165,000 gallons sold monthly in the last four years. Included in the offering is vacant land adjacent to the subject property, comprising of approximately 20,037 square feet of land (0.46 acres). It is zoned in the Northside Specific Plan/Mixed-Use, giving investors a variety of options for future development of the site and further increasing value. Strategically located on Main Street with nearly 19,000 cars per day on the "going to work" side of the street, this site has excellent visibility and multiple points of ingress/egress. The site is also diagonally across the intersection from the on/off ramp of the highly traveled California State Route 60 with over 159,500 cars per day and seconds from Interstate 215 with 180,000 cars per day. The subject property benefits from multiple daily drivers including Riverside City College (21,292 students), University of California Riverside (22,866 students), Riverside Community Hospital (478 beds), a large industrial hub just east of the subject property, The Riverside Food Lab just one mile from the gas station, serving thousands of people every day to eat and drink as it's the Inland Empire's "first food hall," and a large presence of national credit tenants. Nearby national credit tenants include Grocery Outlet, CVS, Walgreens, Food 4 Less, McDonald's, Starbucks, Family Dollar, Carl's Jr., Bank of America, O'Reilly Auto Parts and more, further increasing consumer traffic to the subject area. The dense trade area has 231,989 people in a five-mile radius with an average household income of $89,629.

Investment Highlights

  • Pride of Ownership Riverside Gas Station Property and Thriving Business | Includes Vacant Land with Future Redevelopment Opportunity
  • Strategically Located Near the On/Off Ramp of State Route 60 and Seconds from Interstate 215 (339,500 Combined VPD)
  • 6 Dispensers and 12 Pumps (2 Dispensers and 4 Pumps Provide Diesel) | Express Car Wash
  • 3,100 SF C-Store on Month-to-Month | Can be Integrated with a New C-Store and Achieve Higher Margins
  • EMV Certified – 2 Double Walled Tanks (20,000 Gallons Each) | 170,000 Monthly Gallons Sold in Last 3 Years
  • Major Traffic Drivers Including State Route 60, Interstate 215, Riverside City College, University of California Riverside and Riverside Community Hospital
  • Surrounded by Major Retailers and Services such as Grocery Outlet, CVS, Walgreens, Food 4 Less, McDonald's, Starbucks, Family Dollar, Carl's Jr., Bank of America, O'Reilly Auto Parts and Riverside Food Lab
  • Strong 5-Mile Trade Area Supported by 231,989 People and an Average Household Income of $89,629

Exclusively Listed By

Financing By

Shopping Auto Center

Circle K and 76 Station

Listing Price: $11,750,000

Cap Rate
8.60%
Gross SF
3,100
Rentable SF
3,100
Price/Gross SF
$3,790.32
Lot Size
1.21 acres
Year Built
2012

Investment Highlights

  • Pride of Ownership Riverside Gas Station Property and Thriving Business | Includes Vacant Land with Future Redevelopment Opportunity
  • Strategically Located Near the On/Off Ramp of State Route 60 and Seconds from Interstate 215 (339,500 Combined VPD)
  • 6 Dispensers and 12 Pumps (2 Dispensers and 4 Pumps Provide Diesel) | Express Car Wash
  • 3,100 SF C-Store on Month-to-Month | Can be Integrated with a New C-Store and Achieve Higher Margins
  • EMV Certified – 2 Double Walled Tanks (20,000 Gallons Each) | 170,000 Monthly Gallons Sold in Last 3 Years
  • Major Traffic Drivers Including State Route 60, Interstate 215, Riverside City College, University of California Riverside and Riverside Community Hospital
  • Surrounded by Major Retailers and Services such as Grocery Outlet, CVS, Walgreens, Food 4 Less, McDonald's, Starbucks, Family Dollar, Carl's Jr., Bank of America, O'Reilly Auto Parts and Riverside Food Lab
  • Strong 5-Mile Trade Area Supported by 231,989 People and an Average Household Income of $89,629

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple ownership of a property and thriving business located at 2278 Main Street, in Riverside, CA. The opportunity is comprised of a fully operational fuel station built in 2012 (the "Property"), that is branded with a Circle K C-Store (MTM) as well as a 76-fuel agreement (the "Business"). The investment offering comes equipped with six dispensers and 12 pumps (two dispensers/four pumps provide diesel), C-Store consisting of approximately 3,100 square feet, which includes Krispy Krunchy Chicken, as well as a fully integrated and operational Express Car Wash situated on 32,670 square feet of land. The service station has consistently outperformed the state average monthly gallons sold, with over 165,000 gallons sold monthly in the last four years. Included in the offering is vacant land adjacent to the subject property, comprising of approximately 20,037 square feet of land (0.46 acres). It is zoned in the Northside Specific Plan/Mixed-Use, giving investors a variety of options for future development of the site and further increasing value. Strategically located on Main Street with nearly 19,000 cars per day on the "going to work" side of the street, this site has excellent visibility and multiple points of ingress/egress. The site is also diagonally across the intersection from the on/off ramp of the highly traveled California State Route 60 with over 159,500 cars per day and seconds from Interstate 215 with 180,000 cars per day. The subject property benefits from multiple daily drivers including Riverside City College (21,292 students), University of California Riverside (22,866 students), Riverside Community Hospital (478 beds), a large industrial hub just east of the subject property, The Riverside Food Lab just one mile from the gas station, serving thousands of people every day to eat and drink as it's the Inland Empire's "first food hall," and a large presence of national credit tenants. Nearby national credit tenants include Grocery Outlet, CVS, Walgreens, Food 4 Less, McDonald's, Starbucks, Family Dollar, Carl's Jr., Bank of America, O'Reilly Auto Parts and more, further increasing consumer traffic to the subject area. The dense trade area has 231,989 people in a five-mile radius with an average household income of $89,629.

Exclusively Listed By

Financing By

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