Fuel and Convenience Store
For Sale
Contact for pricing
18463 Rd 23, Madera, CA 93637
Fuel and convenience store on 4.95 acres for sale.
Property Size6,241 SF
Lot Size4.95 Acres
Price / SF$635.30
Days on Market212
Property Features for 18463 Rd 23
General Information
Standard status
Active
Size
6,241 SF
Total Parking Spaces
82
Lot size
4.95 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$227,982
Building Details
Year Built
2018
Tenancy
Single
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Mar 27
Changed: Oct 22
Last Checked: Oct 24 at 4:56PM
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 CBRE - Atlanta
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Available for sale is a 6,241 square foot fuel and convenience store located on 4.95 acres in Fresno, CA. The property has approximately 14.0 years remaining on the lease. The lease includes a 7.50% rent increase scheduled for 2029 and 2034, as well as increases in each of the three renewal options, consisting of two 5-year options, followed by one 4-year, 10-month option. Note that the business itself is not for sale.
Key Highlights
- ±14.0 years remaining on the lease.
- Located on 4.95 acres.
- 7.50% rent increase in 2029, 2034 and in each of the three renewal options.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,656
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,733,120
$2.7M
Cap Rate 7%
$1,952,229
$2.0M
Cap Rate 9%
$1,518,400
$1.5M
Market Conditions
NOI Build-Up for 6,241 SF
Gross rent
$193.2K $30.96/SF
− Vacancy
−$11.0K −$1.76/SF
EGI
$182.2K $29.20/SF
− OpEx
−$45.6K −$7.30/SF
NOI
$136.7K $21.90/SF
Area
Madera County, CA
Vacancy
5.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,733,120
Cap Rate 7%
$1,952,229
Cap Rate 9%
$1,518,400
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,656 @ 7.0% cap · market cap 3.45%
Second Best
Retail
$1.82M
$1.59M – $2.13M
NOI $127,545 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,066 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 46%
Hotels & Casinos 2%
Wendy's
Dining
15,888 visits/mo
0.1 miles
Chevron
Shops & Services
12,846 visits/mo
0.2 miles
Starbucks
Dining
10,228 visits/mo
0.2 miles
Shell
Shops & Services
9,886 visits/mo
0.0 miles
Denny's
Dining
6,283 visits/mo
0.2 miles
Demographics for 93637, CA
40,202
Population
12,918
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
70%
High-School Grad
280.4 sq mi
ZIP Area
143
Density / Sq Mi
$74,621
Median Household Income
$36,057
Median Earnings
$1,345
Median Rent
$369,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Gas station - Fuel and convenience store on 4.95 acres for sale.
Where is this gas station located?
The property is located at 18463 Rd 23 Madera, CA.
What is the asking price?
The asking price for this property is $3,964,904.
What are key features of this property?
This property features: ±14.0 years remaining on the lease.; Located on 4.95 acres.; 7.50% rent increase in 2029, 2034 and in each of the three renewal options.
