Sunoco Gas Station with
For Sale
Contact for pricing
1220 Shasta St, Redding, CA 96001
Fueling and convenience retail property with business operations and underlying real estate included in the sale.
Property Size10,454 SF
Lot Size0.24 Acres
Price / SF$190.84
Days on Market159
Property Features for 1220 Shasta St
General Information
Standard status
Active
Size
10,454 SF
Lot size
0.24 Acres
Property subtype
Business for Sale, Retail
Zoning
Commercial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1979
Year Renovated
2023
Buildings
1
Stories
1
Units
1
Listing Agency:
MK Commercial Realty
Listed By:
Karanbir Singh · License #02239282
Source:
Crexi
Added: Mar 26
Changed: Aug 31
Last Checked: Aug 31 at 3:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MK Commercial Realty
Investment Insights
Based on property information with market context.
This Sunoco-branded fueling property includes the operating business and the underlying real estate. The improvements consist of a 1,252-square-foot convenience store on a 10,454-square-foot parcel, with the site and store dating to 1979. The property serves fuel and convenience retail functions from a Shasta St location in Redding.
Access to CA-44 is approximately 0.3 miles away, while Interstate 5 is approximately 2.5 miles from the property. The surrounding area includes residential neighborhoods, healthcare facilities, and other commercial activity. Reported operating volume includes approximately 40,000 gallons of fuel sales per month.
Access to CA-44 is approximately 0.3 miles away, while Interstate 5 is approximately 2.5 miles from the property. The surrounding area includes residential neighborhoods, healthcare facilities, and other commercial activity. Reported operating volume includes approximately 40,000 gallons of fuel sales per month.
Key Highlights
- Business and real estate included in the sale
- 1,252‑square‑foot convenience store on a 10,454‑square‑foot parcel
- Approximately 40,000 gallons of fuel sales per month
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$162,919
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,258,380
$3.3M
Cap Rate 7%
$2,327,414
$2.3M
Cap Rate 9%
$1,810,211
$1.8M
Market Conditions
NOI Build-Up for 10,454 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$225.8K $21.60/SF
− Vacancy
−$8.6K −$0.82/SF
EGI
$217.2K $20.78/SF
− OpEx
−$54.3K −$5.19/SF
NOI
$162.9K $15.58/SF
Area
Shasta County, CA
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,258,380
Cap Rate 7%
$2,327,414
Cap Rate 9%
$1,810,211
Alternative Uses
Best Use
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $162,919 @ 7.0% cap · market cap 8.17%
Second Best
Retail
$1.96M
$1.71M – $2.29M
NOI $137,170 @ 7.0% cap · market cap 6.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,375
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Dutch Bros. Coffee
Dining
15,325 visits/mo
0.2 miles
Taco Bell
Dining
15,248 visits/mo
0.2 miles
Heavenly Donuts
Dining
10,954 visits/mo
0.1 miles
Starbucks
Dining
10,071 visits/mo
0.5 miles
Wienerschnitzel
Dining
8,939 visits/mo
0.2 miles
Demographics for 96001, CA
33,914
Population
14,370
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
72.4 sq mi
ZIP Area
468
Density / Sq Mi
$70,594
Median Household Income
$42,316
Median Earnings
$1,238
Median Rent
$385,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Fueling and convenience retail property with business operations and underlying real estate included in the sale.
Where is this gas station located?
The property is located at 1220 Shasta St Redding, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Business and real estate included in the sale; 1,252‑square‑foot convenience store on a 10,454‑square‑foot parcel; Approximately 40,000 gallons of fuel sales per month
