Coldwell Banker Commercial Grass Roots is pleased to present The Lost Nugget, a 2,100 SF gas station/C-store with four (4) mobile home spaces and a leased propane tank situated on 9.99 acres in Camptonville. CA . The offering represents a fantastic opportunity for an operator to acquire a high performing two (2) pump gas station/C-store with significant value-add potential by increasing store sales via improved merchandising/inventory and increasing site rental fees for the mobile home spaces. The Lost Nugget is ideally located near the Emeral Cove Marina of Bullard’s Bar, a 969,000-acre foot reservoir that features 55 + miles of shoreline and 20 + miles of hiking trails. Bullard’s Bar was named one of the best recreational lakes in the United States by Water Ski Magazine. The reservoir is a world class fishing, camping, water sports, and houseboating location and sees over 116,000 visitors per year. The Lost Nugget’s proximity to Bullard’s Bar allows it to capitalize on boaters and campers who need gasoline for their boats and beer/wine/groceries for their time at the Lake. The store would benefit greatly from having an increased amount of inventory that caters to the visitors at Bullard’s Bar (i.e., more beer and wine selection, more frozen and prepared foods, and outdoor recreation products that service fishermen and water sports enthusiasts). The Lost Nugget benefits from very little competition in the immediate area with the nearest gas station located in North San Juan (approx. 7 miles) and Downieville (14 miles).
Both the real estate and business are being offered at $1,100,000.00 with an allocation of $460,000 for the business and $640,000 for the real estate. The business has generated between $1.5-$1.8M over the past 5 years and grossed approximately $1.5M in 2024. The business valuation is based on a 3x multiple on Seller’s Discretionary Earnings for 2024, and a 7.00% cap rate on the real estate, assuming the business pays the 2% of gross sales as rent and that mobile home sites rents are raised from $250/MO to $550/MO (comparable sites range from $700-$1,100). The property also features a leased propane tank which generates $2,400/YR in income.
The site features a newly deepened well which produces 18 gallons per minute, on-site septic which is regularly maintained, above ground gasoline tanks, and two five-thousand-gallon water storage tanks for fire protection.
The property/business serves an extremely captive audience, with very little competition and is poised to significantly increase sales with increased/better inventory.
Further financial details are available with a signed Confidentiality Agreement.