6953 Navajo Rd - Service Station FOR SALE


San Diego, CA 92119
$5,995,000 USD
949-306-8800
6953 Navajo Rd, San Diego, CA for Sale
$5,995,000 USD
Service Station - FOR SALE
1/21
null | Request Cap Rate

6953 Navajo Rd
San Diego, CA 92119


HIGHLIGHTS

  • Embark on the one-of-a-kind opportunity to be an owner/user of an independent fuel station with solid financials & pending site development approval.
  • Prominent corner positioning at a signalized intersection with monument signage and combined traffic counts of more than 25,000 vehicles daily.
  • With great potential, this fuel site can be rebranded to a chain or remain independent, plus pending approval for a car wash and convenience store.
  • Located in Navajo Jackson Center, a shopping center home to Keil's Fresh Food Store, Ace Hardware, CVS, and The Simple Coffee House.
  • Seller will Carry

OVERVIEW

MAJOR PRICE REDUCTION - Welcome to the exclusive and rare opportunity to purchase an owner-operated, independent branded fuel station, Royal Oil, at 6953 Navajo Road in San Diego, California. This fuel station is strategically positioned in an advantageous location with no fuel stations currently available for sale (via LoopNet) in the City of San Diego. Plus, there is only one fuel station competitor (Shell) within 2 miles (driving distance) from the subject site. The operation's financials are solid and strong. Over the past two years, Royal Oil has averaged $5.4 million in sales, a fuel volume in excess of 1 million gallons, an overall gross profit of $965,000, and a gross profit fuel margin of 88 cents per gallon. After several years of working with the City of San Diego, the owner has pending approval for a new, two-story development that includes a 750-square-foot convenience store, an 851-square-foot car wash with roll-over door and equipment room, and a 249-square-foot mezzanine above the convenience store. This fee simple purchase opportunity includes the land, improvements, equipment, business operation, and development permits, all at a sales price of $6.45 million. The existing fuel station comprises a kiosk, three Gilbarco Encore 700 S Multiple Product Dispensers (MPDs), six fueling positions, Gilbarco Passport Console and Register, outside coolers, an air/water tower, and an ice machine. There is no supply agreement in place due to the independent brand, meaning the buyer may be able to brand Mobil, Valero, Chevron, Arco, 76, Sinclair, or remain independent. An existing Shell sits across the street from the Royal Oil fuel station on the southwest corner of Navajo Road and Jackson Drive. There are currently three Xerxes—10,000-gallon Underground Storage Tanks (UST). These USTs will ultimately need to be improved to double-walled tanks and lines before January 1, 2026. 6953 Navajo Road is positioned at a signalized intersection of Jackson Drive and Navajo Road, which has an average daily traffic of 25,825 vehicles. In the 5 miles surrounding the offering, there is a local population of 351,631 residents, which generates $4.7 billion in the locale annually. The average household income of this realm reports over $102,440, with 34% having attained a college degree or higher, making for a thriving and lively community.

FOR SALE DETAILS

PRICE

$5,995,000 USD

PRICE/SF

$7,494 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Royal Oil

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,179 SF

ZONING

C-3, San Diego

APN/PARCEL ID

674-520-01

ASK ABOUT THIS PROPERTY

John RappJohn RappMore Info
949-306-8800

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John RappJohn RappMore Info
949-306-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.