Waldport Chevron:   Real Estate and Business For $579,000

Key Offering Points

The offering is a turn-key operation for the real estate and business
Opportunity to increase income by converting the service building into a convenience store
The small restaurant property adjacent to the north may be available for sale separately, which could be assembled with the gas station to make a bigger property even better suited to supporting a convenience store.
Station has been family-owned and -operated since 1996
The fueling system was completely replaced from the top of the tanks to the dispensers in 1998
Buyer to assume existing supply contract and amortization agreement with Jackson Oil
All personal property inside the service building and under the canopy is part of the sale, except for any vendor-owned equipment
Fuel and other inventory is not included in the listing price
Buyer to conduct all due diligence at buyer's cost

Operating Information

Fuel volumes average 66,000 gallons per month at a very strong margin of 33¢ per gallon
Propane sales average $6,700 per month at a margin of 45%
Incidental sales of auto supplies average $1,000 per month
One service bay is rented for parking vehicles at $100 per month
Buyer must make their own projections and estimates of most operating expenses

Location Overview

The property sits at the northeast corner of the signalized intersection of Highway 101, which runs up and down the Oregon Coast, and Highway 34, which runs east from the Coast to Corvallis and Interstate 5.
Site is on the north side of Waldport's downtown core, just south of the 3,000-foot long Alsea Bay Bridge
Of all the Oregon Coast counties, only Lincoln County has seen an increase in population growth since 2010
Traffic counts along Highway 101 adjacent to the subject are 9,700 vehicles per day
Traffic counts along Highway 34 adjacent to the subject are 7,200 vehicles per day
Traffic counts along Highway 101 between Newport and Florence have increased an average of 2.2% per year over the last 10 years. In contrast, traffic counts between Newport and Washington have decreased by 1.3% per year, and traffic counts between Florence and California have decreased by 1.2% per year.