Gas Station Convenience Store
For Sale
$1,100,000
721 Fremont St, Kiel, WI 53042
Turn-key gas station and convenience store in Kiel, Wisconsin.
Property Size5,880 SF
Price / SF$187.07
Days on Market254
Property Features for 721 Fremont St
General Information
Standard status
Active
Size
5,880 SF
Building Details
Year Built
1975
Listing Agency:
Century 21 Aspire Group
Listed By:
Brad Broecker · License #5888990
(920) 374-1282
Source:
Nikolicgroup
Added: Jan 26
Changed: Sep 12
Last Checked: Oct 5 at 11:06PM
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 Century 21 Aspire Group
Investment Insights
Based on property information with market context.
This gas station and convenience store is located in the city of Kiel, less than 2 miles from State Hwy 67. The property includes a 5,880 square foot convenience store with hot food and pizza service areas, a coffee bar with a sitting area, and public restrooms. It also offers additional local services. Fuel options include regular, midgrade, and premium, dispensed from two double pumps. A 34x45 gas canopy was added in 2023. The property features a large blacktop corner lot and an outbuilding for additional storage, along with a large lot for potential expansion. This is a turn-key operation with all equipment necessary to continue the business. The oil agreement is fully transferable.
Key Highlights
- Turnkey gas station and convenience store operation with all necessary equipment included.
- Large 5880 sq. ft. convenience store** with hot food, pizza service areas, and coffee bar.
- Transferable oil agreement in place.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,202
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,804,040
$1.8M
Cap Rate 7%
$1,288,600
$1.3M
Cap Rate 9%
$1,002,244
$1.0M
Market Conditions
NOI Build-Up for 5,880 SF
Gross rent
$123.5K $21.00/SF
− Vacancy
−$3.2K −$0.55/SF
EGI
$120.3K $20.45/SF
− OpEx
−$30.1K −$5.11/SF
NOI
$90.2K $15.34/SF
Area
Manitowoc County, WI
Vacancy
2.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,804,040
Cap Rate 7%
$1,288,600
Cap Rate 9%
$1,002,244
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,202 @ 7.0% cap · market cap 8.20%
Second Best
Retail
$1.09M
$950.1K – $1.27M
NOI $76,010 @ 7.0% cap · market cap 6.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
3,098 visits/mo
0.4 miles
Demographics for 53042, WI
6,886
Population
3,034
Households
2.3
Avg Household Size
45
Median Age
19%
College-Educated
91%
High-School Grad
62.0 sq mi
ZIP Area
111
Density / Sq Mi
$86,118
Median Household Income
$52,964
Median Earnings
$824
Median Rent
$223,100
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 Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Turn-key gas station and convenience store in Kiel, Wisconsin.
Where is this gas station located?
The property is located at 721 Fremont St Kiel, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Turnkey gas station and convenience store operation with all necessary equipment included.; Large 5880 sq. ft. convenience store** with hot food, pizza service areas, and coffee bar.; Transferable oil agreement in place.
