1620 Carlisle Blvd SE Albuquerque, NM 87108

Listing office eXp Realty, LLC Albuquerque c***@exprealty.com Show Phone

Listing date Aug 6, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

This property features a gas station with a convenience store. The convenience store generates approximately $70,000 to $75,000 per month in revenue. The tanks dispense approximately 75,000 gallons of gas monthly. The property has a Valero contract with over 10 years remaining, offering profit margins of 29 to 50 cents per gallon. Recent renovations totaling $70,000 include a new roof, bathrooms, air conditioning, and LED lighting. New pumps, canopy, and facade work were completed within the last 3 months. New pump motors were installed in 2015. Additionally, there is a former car wash building on the premises, presenting a value-add opportunity for leasing to businesses such as emissions testing or a smoke shop. The property experiences traffic volumes of 35,400 vehicles per day on Gibson Boulevard and 5,400 vehicles per day on Carlisle Boulevard. The owner is open to various transaction types, including sale, lease, lease purchase, and lease option to buy, with a $200,000 non-refundable down payment required for lease agreements, and the purchase of current inventory at cost.

Key Highlights

• High monthly C‑store revenue: $70,000-$75,000.
• Significant monthly gas volume: 75,000 gallons.
• Recent renovations including a new roof, bathrooms, AC, and LED lighting, valued at $70,000.

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FAQs

What type of property is this?

Gas station - Gas station with convenience store and former car wash building.

Where is this gas station located?

The property is located at 1620 Carlisle Blvd SE Albuquerque, NM.

What is the asking price?

The asking price for this property is $1,880,000.

What are key features of this property?

This property features: High monthly C‑store revenue: $70,000-$75,000.; Significant monthly gas volume: 75,000 gallons.; Recent renovations including a new roof, bathrooms, AC, and LED lighting, valued at $70,000.