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8431 E Colonial Dr
For Sale $2,270,000 ($481.03 per Sq Ft)
$2,270,000 ($481.03 per Sq Ft)
- Units
- 4,719 Sq Ft
- 30,718 Sq Ft
- Unknown Cap Rate
Description
Discover an exceptional business and real estate investment with this fully operational gas station and tenanted units, strategically positioned on a high-traffic corner lot at the first exit off Highway 417 onto Colonial Drive heading west with high visibility and a consistent customer flow with an average daily traffic count of over 45,000 vehicles. This property features a grocery store/mini-mart equipped with a full kitchen in one unit and a gas station/convenience store in the other, making it a versatile and lucrative opportunity. The grocery store boasts 2,542 sq ft of net leasable space, while the convenience store covers 1,693 sq ft. Additional revenue streams include an ATM inside the convenience store and lottery sales. It is equipped with updated gas pumps featuring credit card payment systems and energy-efficient LED lighting. The station includes 4 double-sided filling stations, offering a total of 8 gas pumps with 3 fuel grades and 1 diesel pump. Double-walled gas tanks are in place, ensuring compliance with environmental safety regulations. The property is offered with Triple Net Lease (NNN) tenants in place, providing a stable income stream and minimal management responsibilities for future owners. Recent updates include a new roof and a freshly painted exterior in 2024, reducing immediate capital expenditure requirements for the new owner.
Whether you're looking to expand your portfolio or enter the value-added gas station and convenience store market, this opportunity promises immediate returns and long-term growth potential. Don’t miss out on this high-traffic, high-visibility location with stable income and strong investment fundamentals. Contact us today for more information or to schedule a viewing!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,270,000 |
| Property Type | Retail |
| Usable Sqft | 4,719 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1976 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 132230364002010 |
| MLS # | O6220496 |
| Property ID | 320639098 |
| Lot Sqft | 30,718 |
| Zoning | C-1 |
| Days on Market | 193 |
| Original List Price | $2,270,000 |
| Date Updated | September 27, 2024 |
| Date Created | July 02, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Esther Griller an agent of . Lic #3256764
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of September 27, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT