8530 E Speedway Boulevard, Tucson, AZ 85710

$1,200,000
Property Type: Commercial Square Footage: 1,803 Lot Size (sq. ft.): 22,346 Status: Closed
Current Price: $1,200,000 List Date: 2/06/2023 Last Modified: 12/20/2024

Overview

Description

Seller financing available for a Chevron C-Store! This Chevron branded gas station/C-Store. is situated on a 51-acre parcel corner lot. with over 28,000 vehicle traffic per day on east Speedway. The business has been performing very well and is trending upward. There are 7 years remaining on the Chevron marketing agreement. The C-Store is a 1,803 SF retail building offering goods, beverages and customer service counter (see pictures). The gas station has 8 pumps and the store features beer and wine, drinks, and light food. Third party vendors provide propane, water, bit coin, lottery, ATM. 14.7% cap rate based on store and gas sale net income.

Listing Details MLS# 22228652

Address Information

Street #
8530
Direction
E
Street Name
Speedway
Suffix
Boulevard
State/Province
AZ
Zip Code
85710
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
133-25-1840
Area
East

General Property Information

Property Sub-Type
Retail
Construction Status
Existing
Total Parking
12
Multi-Tenant
No
Year Built
1989
Lot Dimensions
irregular
Lot Acres
0.51
Lot Sqft
22346
Lot Size Source
Assessor
Combined SqFt
1803
Source of SqFt
Assessor
List Price/SqFt
776.48
Lot Size Price/SqFt
62.65

Property Features

Property Features: Drop Ceiling; Smoke Detector Construction: Frame - Stucco Roof: Built-Up; Rolled Fenced Storage: No Main Cooling: Heat Pump Main Heating: Heat Pump Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: Alarm Installed; Closed Circuit Camera(s); Security Lights Window Features: Double Pane Windows; Low-Emissivity Windows Green Features: Bath Exhaust Out Fence: Block; None Landscape - Front: Low Care Landscape - Rear: None Road Type: Gravel Parking: Parking Lights; Paved Parking Lot Features: Corner Lot; Subdivided Business Location: Corner Lot; Free Standing Bldg Traffic Count: 15,001 to 35,000 Terms: Cash; Owner Carry Possession: Negotiable Submit With Offer: Digital Signature Accepted; Earnest Check; Proof of Funds Property Disclosures: Equipment List; Lead Based Paint; Leases Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2023-04-26
Pending Date
2023-04-24
Sold Date
2023-07-31
Sold Price/SqFt
665.56
Lot Sz Sold Prc/SqFt
53.7
Financing
Cash

More Information

Showing Information

Directions
Drive to address on E Speedway. South side of street.

Income

Other Income
2856326
Net Opp Income
206175

Analysis

Cap Rate %
14.7

Expenses

Other Expenses
2667158

Unit Information

Other
Gas C-Store

Property Features

A.D.A. Compliant
Unknown
Phase 1 Report
Yes

Space Information

Ceiling Height
12ft
Door Height
8 ft

Electric

Electric Company
TEPCO
3 Phase Power
Yes
Amps
208v/120

Submit With Offer

Seller Title Company
Stewart Title

Sold Info

Selling Comments
cash sale
IDX
Listing Office: Madera Realty and Mortgage
Last Updated: December - 20 - 2024
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