Fuel and Convenience Store
18463 Rd 23 Madera, CA 93637
For Sale
Contact for pricing
Fuel and convenience store on 4.95 acres for sale.
Property Size6,241 SF
Lot Size4.95 Acres
Price / SF$635.30
Days on Market354
Property Features for 18463 Rd 23
General Information
- Standard status
- Active
- Size
- 6,241 SF
- Lot size
- 4.95 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2018
Listing Agency:
CBRE Atlanta
(858) 546-4651
Listed By:
Thomas Carr · License #374849
Source:
Crexi
Added: Aug 6, 2025
Changed: Jul 10
Last Checked: Jul 25 at 1:31PM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.2k | $30.96 |
| − Vacancy | −$11.0k | −$1.76 |
| EGI | $182.2k | $29.20 |
| − OpEx | −$45.6k | −$7.30 |
| NOI | $136.7k | $21.90 |
6,241 SF · lease $30.96/SF/yr · vacancy 5.70% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shell
Grocery & Convenience Store
Rocket
Grocery & Convenience Store
CoinFlip Bitcoin ATM
Bank
Krispy Krunchy Chicken
Restaurant
Taco Bell
Restaurant
FAQs
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.
