Investment Overview
Progressive Real Estate Partners is pleased to present for sale an ARCO gas station and convenience store located in the City of Garden Grove. The station features six recently replaced Multiple Product Dispensers, totaling 12 fueling positions, on a ±0.47-acre lot. The ±5,800 SF building houses the convenience store alongside a rental income tenant. Both the gas station and convenience store have recently upgraded equipment and are showing growing sales. The convenience store operates under a Type 20 liquor license, permitting the sale of beer and wine. The site is located along Westminster Blvd and benefits from ±42,265 CPD as well as a daytime population of approximately 27,482 and a total population exceeding 105,180 within a 5-minute drive, with an average household income above $115,400.
Investment Highlights
- Gas Station: The station is ARCO-branded and features six Multiple Product Dispensers with 12 fueling positions. It was recently renovated in 2023, with the six MPDs, canopy, and underground tanks all replaced. Gas sales currently average approximately 200,000 gallons per month, and the area has limited competition.
- Convenience Store and Rental Income: The convenience store is an independently operated business with increasing sales. The store recently installed a new 14-door cooler and 3-door freezer, and recently obtained a Type 20 liquor license, permitting the sale of beer and wine in addition to California Lottery ticket sales. The building also generates $11,000 in monthly rental income from a 6-bay auto repair shop, which shares the ±5,800 SF building with the convenience store.
- Demographics: The property is located in the City of Garden Grove, Orange County along Westminster Blvd with ±42,265 CPD. Population within a 5-minute drive exceeds 105,180, with an average household income of approximately $115,400, and daytime population within the same drive time is 27,482 which supports a strong customer base for a family-operated business.