1600 Euless Blvd Euless, TX 76040-6840

Property Details for 1600 Euless Blvd

Year built

1964

Lot size

1.90 lot acres

Property size

4,854 SF

Property type

Gas stations

APN

31030-16-AR1

APU

3103016AR1

Description

This exceptional investment opportunity presents a thriving, turn-key business portfolio in Euless, Texas, situated on a highly visible Highway 10 location. The property encompasses a well-established Valero-branded gas station with six pumps and a recently remodeled 1,654 square foot convenience store featuring a commercial kitchen and gaming station, plus an integrated taqueria. A separate 3,700 square foot auto service shop with eight bays and a 15,000 square foot secured yard complements the offering. This shop boasts a loyal clientele, including over 20 corporate accounts. Adding to the value proposition is approximately 1.25 acres of excess land zoned for highway commercial use, presenting significant development potential. The entire property sits on a 2.63-acre lot with 60 parking spaces. Built in 2007 and renovated in 2011, the two buildings boast 5,354 square feet of total space and 18-foot ceilings. The property currently operates at 100% occupancy, generating a Pro-Forma NOI of $724,879 and a 15% cap rate. The asking price is $4,300,000. Significant value-add opportunities exist through further development of the excess land, enhanced inside sales at the convenience store, cross-promotions between businesses, expansion of services, and cost optimization. Financial highlights include combined gross sales (normalized) of $6,078,974, with gross profit margins of 33.35% for the gas/c-store and 59.73% for the auto shop. In 2023, the gas station sold 235,861 gallons of fuel, generating $940,452 in inside sales and an additional $19,337 in miscellaneous income. This is a rare opportunity to acquire a diversified, high-performing business portfolio with substantial upside potential. The property is classified as Class B and is currently owned locally. The zoning is TX-10.