This exceptional investment opportunity presents a high-volume gas station located at 1030 Kendall Dr, San Bernardino, CA 92407. The property, built in 1971 and extensively renovated in 2022, boasts a 1,571 square foot building situated on a 0.28-acre lot. The single-tenant property features four gas pumps and a 800 square foot convenience store, operating 24 hours a day. The current lease, with a remaining term of approximately two years, commenced November 1st, 2021, and expires November 30th, 2026, with a five-year lease option available. The tenant is credit-rated, providing financial stability. The property's strong financial performance is evident in its monthly sales figures: over 220,000 gallons of gasoline sold monthly, generating a 30-cent margin, along with approximately $16,000 in monthly propane sales and a net store income of $9,000. Additional income streams include approximately $29,000 in monthly store revenue, $10,000 in monthly lottery sales, and $3,000 in monthly garage rental income. The asking price is $5,000,000, with a price per square foot of $3,182.69. The property includes four parking spaces and is zoned CG1, City. This is a turnkey operation with significant income potential, situated in a high-traffic area near freeways, apartments, schools, and shopping centers. The property is offered for sale by owner. APN: 0151-203-01.
Highlights
$5,000,000 asking price for this credit-rated, single-tenant gas station.
Retail property totaling 1,571 square feet, priced at $3,182.69 per square foot.
Located at 1030 Kendall Dr, San Bernardino, CA 92407, on a 0.28-acre lot with 4 parking spaces.
Features 4 gas pumps and a 800 SF store, operating 24 hours.
5.1-year lease with 2 years remaining, commencing November 1, 2021, and expiring November 30, 2026.
Built in 1971 and renovated in 2022, this single-story building is zoned CG1, City.
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Dan Rabadi
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1030 Kendall Dr, San Bernardino, California, 92407
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1030 Kendall Dr
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