700 Hickey Boulevard, Pacifica, CA 94044; Retail For Sale;  D-12 in San Mateo County

700 Hickey Boulevard, Pacifica, CA 94044; Retail For Sale; D-12 in San Mateo County


700 Hickey Boulevard, Pacifica, CA 94044; Retail For Sale;  D-12 in San Mateo County

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700 Hickey Boulevard, Pacifica, CA 94044

Fairmont Chevron

Retail Property For Sale

Price:
$2,600,000
Building Size:
1,377 SF
Price/SF:
$1,888.16
Property Type:
Retail
Property Sub-type:
Service/Gas Station
Additional Sub-types:
Free Standing Bldg
Retail (Other)
Special Purpose (Other)
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
8%
Occupancy:
100%
Tenancy:
Single
Lot Size:
0.36 AC
Listing ID
17413490

Description

This is a major intersection between Daly City and Pacifica with a shopping center across the street (Lucky, Starbuck’s, Riteaid) and Serramonte Center 3 blocks away. In business for 40 years, it has many loyal customers and averages 1,080,000 gallons per year with 41 cent per gallon margin in 2012. Current net income is roughly $200K and site is run by owner. An operator can be found to run the business and sign a NNN lease at $11,000 per month or an operator can be found to receive a manager’s salary. There are 2 gas islands with 8 pump sections recently installed. The 3 garage stalls are currently leased to tenants on a month to month basis for $7000. Using the garages as an auto repair shop could add $300K+ to net income. There is a recently remodeled and expanded food mart with rare Beer/Wine license & Lotto & cigarette sales. Parking for 10+ cars. SBA financing is in place with 20% down. Financial info & projections to be verified by buyer. Equipment was recently upgraded per California requirements.

Across from a shopping center in one of the busiest areas of the San Francisco Peninsula. At the gateway to the coast, San Francisco and the Peninsula. On the border between Pacifica and Daly City.

Financial Summary

  • Proforma
  • $500,000