OFFERING MEMORANDUM CHEVRON - TUCSON 8350 E S 8350 E Speed peedwa way Bl y Blvd, Tu vd, Tucso cson , AZ 85710 n , AZ 85710
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O F F E R I N G M E M O R A N D U M
CHEVRON - TUCSON8350 E S8350 E Speedpeedwaway Bly Blvd, Tuvd, Tucsocson , AZ 85710n , AZ 85710
8350 E S8350 E Speedpeedwaway Bly Blvdvd
Tucson , AZ 85710
Mike PrioloSenior Investment Advisor
CalDRE #01878385
Steven GarciaInvestment Advisor
CalDRE #02092091
Greg MayoInvestment Advisor
CalDRE #01964504
03PROPERTYINFORMATION
08LOCATIONINFORMATION
14FINANCIALANALYSIS
17SALECOMPARABLES
23DEMOGRAPHICS
Table of Contents
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S E C T I O N 1
ProProperty Iperty Innfoformarmatitioonn
PR
OP
ERTY
INFO
RM
ATIO
N
3
Executive Summary
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PRICESubject To Offer
SQ FT1,540 SF
CAP RATE0.0%
ADD TEXT HERE...Add text here...
ProProperty Hperty Hiigghhliligghhtsts
• Turn-Key Gas Station
• New roof put on C-Store this year
• 4 fiberglass double walled UST tanks with 10,000 gallon per tankcapacity (two regular tanks, 1 premium and 1 diesel)
• Multiple income streams: UHaul rentals, C-Store, Propane, Gas Salesand Rental Income (with lease up of vacant space)
• Excellent margins ranging from $0.46-$0.70/gallon - Contact listingagent for details
• Lack of competition - Only Chevron on E Speedway. Next nearestgas station (Shell) is 3.8 miles away.
• Densely populated trade area - primarily residential neighborhoods
Other DetaiOther Detailsls
Lot Size: 0.51 Acres
Price / SF: -
NOI: $413,705
Year Built: 1989
Renovated: 2019
Traffic Count: 28,816
Mike Priolo
**NOI is pro-forma based on annualizing actual numbers
ProProperty Descriperty Descriptionption
A truly rare opportunity to find a turn-key branded gas station with avalue add component. E Speedway offers an investor or operator theunique opportunity to purchase a functioning business, with multipleincome streams, and the ability to lease the vacant space to a foodtenant thereby substantially increasing the value of the asset.
E Speedway underwent a full re-branding renovation in late 2019 early2020. This asset is ready for operations!
LocaLocation Descrition Descriptionption
8530 E Speedway is located in the Desert Palms Park area of easternTucson. The location benefits from a number of factors including: denseresidential population - 15,980 within a 1 mile radius, high traffic counts -approximately 28,816 cars per day and corner location giving theproperty excellent exposure to both E Speedway and Camino Seco, thisasset is poised for substantial growth.
Property Description
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LocaLocation Information Informationtion
Building Name Chevron - Tucson
Street Address 8350 E Speedway Blvd
City, State, Zip Tucson , AZ 85710
County Pima
Cross-Streets Camino Seco
Signal Intersection No
BuiBuilding Informalding Informationtion
NOI $413,705.70
Cap Rate 0.0
Building Class C
Occupancy % 50.0%
Tenancy Multiple
Number of Floors 1
Year Built 1989
Year Last Renovated 2019
Gross Leasable Area 725 SF
Construction Status Existing
Free Standing No
ProProperty Hperty Hiigghhliligghhtsts
• Turn-Key Gas Station
• New roof put on C-Store this year
• 4 fiberglass double walled UST tanks with 10,000 gallon per tankcapacity (two regular tanks, 1 premium and 1 diesel)
• Multiple income streams: UHaul rentals, C-Store, Propane, Gas Salesand Rental Income (with lease up of vacant space)
• Excellent margins ranging from $0.46-$0.70/gallon - Contact listingagent for details
• Lack of competition - Only Chevron on E Speedway. Next nearestgas station (Shell) is 3.8 miles away.
• Densely populated trade area - primarily residential neighborhoods
Complete Highlights
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Additional Photos
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S E C T I O N 2
LocaLocatitioon In Innfoformarmatitioonn
LOC
ATIO
N IN
FOR
MA
TION
8
Tucson , AZ
Regional Map
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Location Maps
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Aerial Maps
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Traffic Counts
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Retailer Map
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S E C T I O N 3
FFiinananciancial Al Ananallysisysis
FINA
NC
IAL A
NA
LYS
IS
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Investment OverviewInvestment Overview 2020 Annua2020 Annualizedlized
Price $0
Price per SF $0.00
CAP Rate 0.0%
Cash-on-Cash Return (yr 1) 0.0 %
Total Return (yr 1) $413,705
Debt Coverage Ratio -
OperaOperating Dating Datata 2020 Annua2020 Annualizedlized
Gross Scheduled Income $1,561,222
Other Income $0
Total Scheduled Income $1,561,222
Vacancy Cost $0
Gross Income $1,561,222
Operating Expenses $1,147,516
Net Operating Income $413,705
Pre-Tax Cash Flow $413,705
FFinancing Dainancing Datata 2020 Annua2020 Annualizedlized
Down Payment $0
Loan Amount -
Debt Service -
Debt Service Monthly -
Principal Reduction (yr 1) -
Financial Summary
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Mike Priolo
**All income and expense data is derived from annualizing actual 2020 sales and expenses data
Income SIncome Summaryummary 2020 Annua2020 Annualizedlized
Fuel Sales $1,003,032
Propane Sales $79,399
U-Haul Commissions $10,000
C-Store Sales $455,651
Rental Income (Restaurant Space) $13,140
Gross Income $1,561,222
Expense SExpense Summaryummary 2020 Annua2020 Annualizedlized
Operational: Fuel COGS "Annualized for 2020" $692,746
Operational: Propane COGS "Annualized for 2020" $56,541
Operational: C-Store COGS "Annualized for 2020" $236,368
Fixed: Insurance "Actual 2020" $6,950
Operational: UST Tax "Annualized for 2020" $4,560
Operational: Bank Service Charges "Annualized for 2020" $16,200
Operational: Janitoral / Cleaning "Annualized for 2020" $1,800
Operational: Office Supplies "Annualized for 2020" $1,200
Operational: Repairs and Maintenance "Annualized for 2020" $3,750
Operational: Payroll "Pro Forma" $110,000
Operational: Utilities "Annualized for 2020" $17,400
Gross Expenses $1,147,516
Net Operating Income $413,705
Income & Expenses
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S E C T I O N 4
SaSalle Coe Commpaparablrableses
SALE C
OM
PAR
AB
LES
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SSubject Proubject Propertyperty8350 E Speedway Blvd | Tucson , AZ 85710
-Sale Price: $413,705NOI: -Price PSF:
1,540 SFBuilding SF: 1989Year Built: 0.51 AcresLot Size:
A truly rare opportunity to find a turn-key branded gas station with a value add component. E Speedway offers an investor or operator the uniqueopportunity to purchase a functioning business, with multiple income streams, and the ability to lease the vacant space to a food tenant therebysubstantially increasing the value of the asset.
E Speedway underwent a full re-branding renovation in late 2019 early 2020. This asset is ready for operations!
15690 N Oracle R5690 N Oracle RddTucson, AZ 85704
$1,746,500Sale Price: 100%Occupancy: 11/09/2018Closed:
$440.04Price PSF: 3,969 SFBuilding SF: 1987Year Built:
36,590 SFLot Size:
Chevron Gas Station with Dairy Queen Drive Thru
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Sale Comps
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2Circle KCircle K10290 E Speedway | Tucson, AZ 85748
$1,353,000Sale Price: 10/02/2017Closed: $448.76Price PSF:
3,015 SFBuilding SF: 1988Year Built: 32,241 SFLot Size:
Completed in 1994, the property is located at the corner of E Speedway Boulevard and N Houghton Road. There main structure is approximately 3,000square feet and there are three islands with six gas pumps.
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3Chevron E AChevron E Ajo Wjo Waayy199 E Ajo Way | Tucson, AZ 85713
$1,910,000Sale Price: 06/08/2017Closed: $353.70Price PSF:
5,400 SFBuilding SF: 2007Year Built: 60,136 SFLot Size:
The property includes 6 islands with 12 pumps and has a large convenience store with food service tenants in the building. The property also includesa touchless car wash on site. This property is near the new Soccer Stadium which is next to the Kino Baseball Complex.
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Sale Comps
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4Tucson ShelTucson Shelll7710 S Wilmot | Tucson, AZ 85756
$2,092,550Sale Price: 05/12/2017Closed: $302.65Price PSF:
6,914 SFBuilding SF: 2000Year Built: 79,580 SFLot Size:
6 pump station
44
Sale Comps
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SSubject Proubject Propertyperty PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts
Chevron - Tucson8350 E Speedway BlvdTucson , AZ 85710
Subject To Offer 1,540 SF - 0.0% 2
SaSale Compsle Comps PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts CloseClose
15690 N Oracle RdTucson, AZ85704
$1,746,500 3,969 SF $440.04 - 1 11/09/2018
2Circle K10290 E SpeedwayTucson, AZ 85748
$1,353,000 3,015 SF $448.76 - 1 10/02/2017
3Chevron E Ajo Way199 E Ajo WayTucson, AZ 85713
$1,910,000 5,400 SF $353.70 - 1 06/08/2017
4Tucson Shell7710 S WilmotTucson, AZ 85756
$2,092,550 6,914 SF $302.65 - - 05/12/2017
PricePrice Bldg SFBldg SF Price/SFPrice/SF CAPCAP # of Uni# of Unitsts CloseClose
Totals/Averages $1,775,513 4,825 SF $367.98 - 1
Sale Comps Summary
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1Tucson, AZ85704
5690 N Oracle Rd 210290 E SpeedwayTucson, AZ 85748
Circle K
3199 E Ajo WayTucson, AZ 85713
Chevron E Ajo Way 47710 S WilmotTucson, AZ 85756
Tucson Shell
8350 E Speedway Blvd | Tucson , AZ 85710SSubject Proubject Propertyperty
Sale Comps Map
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S E C T I O N 5
DemograDemographphiicscs
DEM
OG
RA
PH
ICS
23
PoPopupulalationtion 1 Mi1 Milele 10 Mi10 Milesles 30 Mi30 Milesles
Total Population 32 22,601 961,706
Average age 47.1 34.8 31.5
Average age (Male) 47.1 32.5 30.5
Average age (Female) 47.0 36.5 32.5
Households & IncomeHouseholds & Income 1 Mi1 Milele 10 Mi10 Milesles 30 Mi30 Milesles
Total households 11 6,647 301,872
# of persons per HH 2.9 3.4 3.2
Average HH income $78,970 $69,425 $63,408
Average house value $547,804 $409,327 $318,401
* Demographic data derived from 2010 US Census
Demographics Map & Report
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