2490 N Main St - Convenience Store FOR SALE


Sheridan, WY 82801
$2,100,000 USD
307-763-1915
2490 N Main St, Sheridan, WY for Sale
$2,100,000 USD
Convenience Store - FOR SALE
1/29
null | Request Cap Rate

2490 N Main St
Sheridan, WY 82801


HIGHLIGHTS

  • Clean and Updated Facility
  • Restaurant with Counter and Drive Thru Access
  • Fantastic Lit Up Signage

OVERVIEW

Turn Key Gas Station, Convenience Store and Restaurant Fully operational gas station with multiple revenue streams located in Sheridan, Wyoming. This versatile property offers a turnkey investment with potential for growth and added value. The store/restaurant has been recently updated and is ready to operate. Great local visibility from the 3 tall signs that serve the property. The signs are grandfathered in from any new sign regulations that have been adopted. Located on a main thorough fare, North Main Street, the property is in close proximity to numerous businesses, motels and restaurants as well as residences. Three ingress/egress cutouts help with with the flow of traffic to the business. Investment Highlights: There are multiple revenue opportunities, including the option to lease out each of the individual business units to different tenants or by operating a comprehensive fuel, convenience store, and dining hub. Additionally, there are potential tax benefits through the use of cost segregation, depreciation or by purchasing as for your 1031 exchange for another property being sold. Each opportunity may further enhance an investor's unique value based on their specific portfolio. ?????? Income/Investment Opportunities: • ?? Rental Income: Own the real estate in a separate holding company and lease the facilities to other operators. Operations can be led by other business units owned by the Purchaser or by various separately companies. Additional rental income can be available through additional onsite vendors. • ? Fuel Sales: 4 two-sided gas pump stations offering 8 fueling points with 8 unleaded and 4 diesel fueling options. • ?? Convenience Store: With fixtures included in the sale (there are some leased equipment may require transfer or new leases). Inventory will be negotiated separately and will transfer by a separate payment at the time of closing. • ?? Restaurant: Currently operated as a Krispy Krunchy Chicken franchise with a dedicated seating area and drive-thru window. An outdoor stand is available to install an exterior menu/speaker system for enhanced drive through service. • ?? EV Charging Potential: Ample space available for expanding with Rivian or Tesla type charging stations, creating new revenue potential for EV drivers seeking a rest stop with food, beverages, and services. ? Onsite Electrical distribution panels feature 240V power, three 200-amp breakers, and two 125-amp breakers with expansion capacity.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$653 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Flash C's Store Cenex Station

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Restaurant, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

B1

APN/PARCEL ID

03-5684-15-4-21-005-25

ASK ABOUT THIS PROPERTY

Bill RappContinental Brokers Group by eXp RealtyMore Info
307-763-1915

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Bill RappContinental Brokers Group by eXp RealtyMore Info
307-763-1915

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.