Cathlamet Chevron and Mobile Home Park: Only $1.69 million

...Owner Will Consider Contract!

Quality retail station and convenience store in a rural area
Only one competitor within a 20-mile radius!
Extremely well insulated from hypermarketer competition
No environmental issues; seller recently had a Phase I environmental assessment, ground penetrating radar survey, and water sampling completed at their cost
Recently upgraded to Chevron's current Refresh imaging standards
Convenience store, especially the delicatesson area, can be expanded to increase sales
Adjacent mobile home and RV park produces steady income with little management
Facility in very good condition overall
Buyer to assume jobber supply contract
Several lenders want to make a loan against this property! For the right buyer, we can assemble financing with excellent terms and a modest down payment. The seller may consider a contract for part of the sale price.
Washington has no income tax, so you keep more of what you make with this property!

Fuel volumes average 63,000 gallons per month; year-to-date volumes are up 5.5%!
Fuel volumes have been very stable over the last three years, with little impact from the increase in fuel prices or the down economy
Fuel margins have averaged a strong 20.5¢ per gallon over the last five years and have been getting stronger
C-store sales average $83,000 per month
Year-over-year, store sales were flat in 2008, increased by 4.5% in 2009, and are up another 4.2% so far in 2010!
C-store margins have averaged 27% to 28% over the last five years
Despite the rural location, fuel volumes and store sales are very stable, with winter levels only 25 percent lower than the peak summer months
12 mobile home spaces generate $30k+ per year of gross income, with two vacancies
Two rented mobile homes (included in the sale) generate $4,000+ per year of gross income
20 RV park spaces generate more than $40k per year in gross income, with almost no vacancies
Leased drive-through espresso stand generates $100 per month of income

274 East State Route 4, Cathlamet, Washington 98612
Wahkiakum County, account 120806-21-0001
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Map 8N-6W-12, lot 21-0001
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3.20-acre site, with the station using about one acre and the mobile home and RV park using the other 2.2 acres
Fueling system consists of: one 8K gallon STI-P3 tank that holds supreme; one 10K gallon STI-P3 tank that holds diesel; two 7,500-gallon, single-wall steel tanks manifolded together, with cathodic protection; turbine pumps; sumps at the turbine heads; double-wall fiberglass underground piping; mechanical leak detectors; one Wayne V590 and one Wayne V591 blending dispenser; one free-standing diesel-only dispenser; under-dispenser sump containment; mechanical line leak detectors; overfill protection; and an Incon ATS-750 tank monitor.
Site includes a 2,520-square foot, metal-framed canopy and a 2,400-sq ft, concrete-block building that was converted into a convenience store in 2005. In addition to the 12 mobile home and 20 RV park spaces, there is a 640-square foot laundry and restroom building.
There is plenty of room to add a cardlock behind the convenience store and to expand the store and delicatesson.