Vacant-User
Owner-User Shell Gas Station
1220 Grant Rd, Mountain View, CA 94040
Listing Price: $6,488,000
Investment Overview
INVESTMENT OPPORTUNITY Marcus & Millichap is pleased to present the opportunity for an operator to acquire a Shell-branded gas station located at 1220 Grant Road in Mountain View, California. The property is located on a heavily trafficked road at the entrance to a shopping center anchored by two grocery stores and features three double-sided multi-product dispensers (with room for expansion), a convenience store, and four auto repair bays. The facility generates revenue from several sources, giving an experienced operator multiple ways to increase the income. Additionally, due to the constraints on new development, it is unlikely any new competition will enter the market in the future. EXCELLENT EXPOSURE AND ACCESS 1220 Grant Road is located less than one-quarter mile south of El Camino Real, the main commercial thoroughfare in Mountain View. Grant Road is a major traffic carrier and traffic counts at the subject property exceed 32,500 vehicles per day. The property sits at the entrance to a community shopping center that is anchored by Nob Hill Foods, 99 Ranch Market, Marshalls & Home Goods, and City Sports Club. These daily needs retail tenants create significant drawing power that brings hundreds of vehicles to the shopping center each day. The site also benefits from a traffic signal that provides access to and from the shopping center. Overall, the gas station has a highly visible location with easy access in a shopping center with strong drawing power. DENSELY POPULATED TRADE AREA Mountain View is in Silicon Valley, which generally encompasses the southern end of the San Francisco Bay Area. The region is densely populated and continues to grow, driven by the expansion of the technology sector. There are an estimated 24,225 people within one mile of the site and 182,168 within three miles. Population growth over the next five years is forecast at about one percent annually, with high development costs and the lack of available development sites being the major constraints to growth. The trade area has attractive income demographics, with an estimated median household income of $160,485 within a one-mile radius. This is more than double the national median household income of $70,784. The area has a highly educated workforce, with more than 70% of the population over the age of 25 having a bachelor’s or graduate degree. MAJOR COMMUTE CORRIDOR 1220 Grant Road has a strategic location along one of the main commute corridors in Mountain View. Grant Road provides access from neighborhoods in Mountain View and Los Altos to El Camino Real, State Highway 237, and State Highway 85. These roadways give commuters access to major employment centers in Mountain View, Palo Alto, Sunnyvale, and beyond. Major employers in the immediate area include Alphabet (Google), Intuit, Microsoft, Tesla, HP Inc., Varian Medical Systems, LinkedIn, Samsung, Nokia, VMWare, Synopsis, and Stanford University. Silicon Valley continues to be a hub for innovation and captures more than 40% of all venture capital funding for the nation. The region is expected to maintain its dominant position in the formation of new technology companies and creation of tech-related jobs.
Investment Highlights
- Available free and clear of existing debt
- Located at the entrance to a shopping center anchored by Nob Hill Foods, 99 Rand Market, Marshalls & Home Goods, and City Sports Club
- Site offers a convenience store and four auto repair bays
- Features three double-sided multi-product dispensers (with room for expansion
- Includes three 10,000-gallon double wall fiber glass tanks
- The facility generates revenue from several sources, giving an experienced operator multiple ways to increase the income
- Due to the constraints on new development, it is unlikely any new competition will enter the market in the future
Exclusively Listed By
Listing Price: $6,488,000
Investment Highlights
- Available free and clear of existing debt
- Located at the entrance to a shopping center anchored by Nob Hill Foods, 99 Rand Market, Marshalls & Home Goods, and City Sports Club
- Site offers a convenience store and four auto repair bays
- Features three double-sided multi-product dispensers (with room for expansion
- Includes three 10,000-gallon double wall fiber glass tanks
- The facility generates revenue from several sources, giving an experienced operator multiple ways to increase the income
- Due to the constraints on new development, it is unlikely any new competition will enter the market in the future
Investment Overview
INVESTMENT OPPORTUNITY Marcus & Millichap is pleased to present the opportunity for an operator to acquire a Shell-branded gas station located at 1220 Grant Road in Mountain View, California. The property is located on a heavily trafficked road at the entrance to a shopping center anchored by two grocery stores and features three double-sided multi-product dispensers (with room for expansion), a convenience store, and four auto repair bays. The facility generates revenue from several sources, giving an experienced operator multiple ways to increase the income. Additionally, due to the constraints on new development, it is unlikely any new competition will enter the market in the future. EXCELLENT EXPOSURE AND ACCESS 1220 Grant Road is located less than one-quarter mile south of El Camino Real, the main commercial thoroughfare in Mountain View. Grant Road is a major traffic carrier and traffic counts at the subject property exceed 32,500 vehicles per day. The property sits at the entrance to a community shopping center that is anchored by Nob Hill Foods, 99 Ranch Market, Marshalls & Home Goods, and City Sports Club. These daily needs retail tenants create significant drawing power that brings hundreds of vehicles to the shopping center each day. The site also benefits from a traffic signal that provides access to and from the shopping center. Overall, the gas station has a highly visible location with easy access in a shopping center with strong drawing power. DENSELY POPULATED TRADE AREA Mountain View is in Silicon Valley, which generally encompasses the southern end of the San Francisco Bay Area. The region is densely populated and continues to grow, driven by the expansion of the technology sector. There are an estimated 24,225 people within one mile of the site and 182,168 within three miles. Population growth over the next five years is forecast at about one percent annually, with high development costs and the lack of available development sites being the major constraints to growth. The trade area has attractive income demographics, with an estimated median household income of $160,485 within a one-mile radius. This is more than double the national median household income of $70,784. The area has a highly educated workforce, with more than 70% of the population over the age of 25 having a bachelor’s or graduate degree. MAJOR COMMUTE CORRIDOR 1220 Grant Road has a strategic location along one of the main commute corridors in Mountain View. Grant Road provides access from neighborhoods in Mountain View and Los Altos to El Camino Real, State Highway 237, and State Highway 85. These roadways give commuters access to major employment centers in Mountain View, Palo Alto, Sunnyvale, and beyond. Major employers in the immediate area include Alphabet (Google), Intuit, Microsoft, Tesla, HP Inc., Varian Medical Systems, LinkedIn, Samsung, Nokia, VMWare, Synopsis, and Stanford University. Silicon Valley continues to be a hub for innovation and captures more than 40% of all venture capital funding for the nation. The region is expected to maintain its dominant position in the formation of new technology companies and creation of tech-related jobs.
Exclusively Listed By

