1620 Carlisle BlvdAlbuquerque, NM 87108

This exceptional investment opportunity presents a thriving Valero gas station located at 1620 Carlisle Blvd SE, Albuquerque, NM 87108. Boasting 3,280 square feet on a 0.703-acre lot, this property features eight gas pumps and a convenience store generating a monthly revenue of $70,000-$75,000. The station consistently pumps 75,000 gallons of gas per month, benefiting from a high-traffic location with 35,400 vehicles per day (VPD) on Gibson Blvd and 5,400 VPD on Carlisle Blvd. The property enjoys a 14.04% cap rate and a net operating income (NOI) of $264,005. Recent renovations in 2024, totaling $70,000, included a new roof, bathrooms, AC, and LED lighting. Further enhancements within the last three months encompass new pumps, canopy, and face. The property also includes new pump motors installed in 2015 and benefits from a Valero contract with over 10 years remaining, yielding profit margins of 29-50 cents per gallon. The permitted zoning is MX-L. A former car wash building presents a value-add opportunity for leasing to compatible businesses. The owner is open to considering a sale, lease, lease purchase, or lease option to buy. A $200,000 non-refundable down payment is required for lease options, and the purchase of current inventory at cost is a condition of the sale.