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Conoco Gas Station & Convenience Store 111 N Main St., Gunnison UT 84634 O F F E R I N G M E M O R A N D U M

Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 [email protected]

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Page 1: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store111 N Main St., Gunnison UT 84634

O F F E R I N G M E M O R A N D U M

Page 2: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience StoreCONTENTS

Exclusively Marketed by:

Trenton Bright

(435) [email protected]

Daniel Davis

(435) [email protected]

Cole Waterfall

(385) [email protected]

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

01 Executive Summary Investment Summary 5 Location Summary 6

02 Property Description Property Images 8

03 Demographics Demographics 21 Demographic Charts 23

Page 3: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Confidentiality & DisclaimerAll materials and information received or derived from KW South Valley Keller Williams its directors, officers, agents, advisors, affiliates and/or

any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property,

compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property,

projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW South Valley Keller Williams its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or

implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any

source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to

determine these and other matters of significance to such party. KW South Valley Keller Williams will not investigate or verify any such matters or

conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections

and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be

verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals.

KW South Valley Keller Williams makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial

data or assumptions. KW South Valley Keller Williams does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or

performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be

established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market

conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the

party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should

be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies

with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other

consultants and governmental agencies. All properties and services are marketed by KW South Valley Keller Williams in compliance with all

applicable fair housing and equal opportunity laws.

Conoco Gas Station & Convenience Store Confidentiality and Disclaimer | 03

Copyright © 2020 CREOP, LLC. All Rights Reserved.

Page 4: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco G

as Station & C

onvenience Store | Executive Summ

ary

Executive Summary

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Investment Summary

Location Summary

Page 5: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Investment Summary | 05

OFFERING SUMMARYADDRESS 111 N Main St.

Gunnison UT 84634COUNTY SanpeteAPN 0000002463OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $800,000

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 3,633 5,439 5,7162019 Median HH Income $54,610 $52,363 $53,1452019 Average HH Income $64,997 $61,584 $62,602

Approved Sales Price of $800,000 providing a 20%+ Cap Rate off of 2018Numbers.

• 3 Pumps (6 Fueling Stations, 4 Gas & 2 Diesel)

• Car Wash (2 Enclosed Bays, 1 Open Bay, 1 Auto Wash Bay)

• Large C-Store

Page 6: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Location Summary | 06

Page 7: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco G

as Station & C

onvenience Store | Property Description

Property Description

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Property Features

Aerial Map

Property Images

Page 8: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 08

Page 9: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 09

Page 10: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 10

Page 11: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 11

Page 12: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 12

Page 13: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 13

Page 14: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 14

Page 15: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 15

Page 16: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 16

Page 17: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 17

Page 18: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 18

Page 19: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Property Images | 19

Page 20: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco G

as Station & C

onvenience Store | Dem

ographics

Demographics

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Demographic Details

Demographic Charts

Page 21: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Demographics | 21

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 2,470 3,914 4,016

2010 Population 3,086 4,727 4,994

2019 Population 3,633 5,439 5,716

2024 Population 3,747 5,637 5,920

2019 African American 115 123 136

2019 American Indian 120 130 143

2019 Asian 6 10 11

2019 Hispanic 543 758 809

2019 Other Race 395 520 558

2019 White 2,924 4,545 4,751

2019 Multiracial 69 104 111

2019-2024: Population: Growth Rate 3.10 % 3.60 % 3.50 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 52 103 106

$15,000-$24,999 62 98 104

$25,000-$34,999 58 142 151

$35,000-$49,999 86 174 188

$50,000-$74,999 123 256 279

$75,000-$99,999 104 175 192

$100,000-$149,999 75 136 155

$150,000-$199,999 13 15 17

$200,000 or greater 7 9 11

Median HH Income $54,610 $52,363 $53,145

Average HH Income $64,997 $61,584 $62,602

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 509 922 1,004

2010 Total Households 524 1,004 1,088

2019 Total Households 579 1,109 1,202

2024 Total Households 609 1,166 1,264

2019 Average Household Size 3.94 3.62 3.44

2000 Owner Occupied Housing 412 740 798

2000 Renter Occupied Housing 64 109 123

2019 Owner Occupied Housing 432 818 884

2019 Renter Occupied Housing 147 291 318

2019 Vacant Housing 9 13 23

2019 Total Housing 588 1,122 1,225

2024 Owner Occupied Housing 452 863 935

2024 Renter Occupied Housing 157 302 329

2024 Vacant Housing 6 11 20

2024 Total Housing 615 1,177 1,284

2019-2024: Households: Growth Rate 5.10 % 5.05 % 5.05 %

Source: esri

Page 22: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Demographics | 22

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 373 484 519

2019 Population Age 35-39 328 447 476

2019 Population Age 40-44 302 412 439

2019 Population Age 45-49 291 378 404

2019 Population Age 50-54 220 302 320

2019 Population Age 55-59 160 252 264

2019 Population Age 60-64 150 235 245

2019 Population Age 65-69 137 208 216

2019 Population Age 70-74 89 148 153

2019 Population Age 75-79 61 102 106

2019 Population Age 80-84 37 74 76

2019 Population Age 85+ 36 80 82

2019 Population Age 18+ 2,932 4,154 4,398

2019 Median Age 35 34 34

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $58,069 $54,804 $55,488

Average Household Income 25-34 $67,346 $63,081 $64,368

Median Household Income 35-44 $69,049 $64,709 $65,903

Average Household Income 35-44 $76,505 $73,789 $75,072

Median Household Income 45-54 $66,688 $60,341 $61,352

Average Household Income 45-54 $74,838 $69,498 $70,515

Median Household Income 55-64 $60,148 $56,308 $57,116

Average Household Income 55-64 $69,765 $64,679 $65,935

Median Household Income 65-74 $48,717 $46,053 $47,248

Average Household Income 65-74 $58,356 $55,825 $56,226

Average Household Income 75+ $37,488 $37,931 $38,886

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 386 500 536

2024 Population Age 35-39 331 442 471

2024 Population Age 40-44 327 447 475

2024 Population Age 45-49 296 406 432

2024 Population Age 50-54 239 325 344

2024 Population Age 55-59 162 245 257

2024 Population Age 60-64 143 235 244

2024 Population Age 65-69 138 219 228

2024 Population Age 70-74 118 179 186

2024 Population Age 75-79 70 122 126

2024 Population Age 80-84 50 89 92

2024 Population Age 85+ 38 80 82

2024 Population Age 18+ 2,993 4,259 4,507

2024 Median Age 36 35 35

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $61,588 $57,102 $58,073

Average Household Income 25-34 $73,344 $67,888 $68,935

Median Household Income 35-44 $75,874 $68,783 $70,272

Average Household Income 35-44 $84,264 $79,737 $81,124

Median Household Income 45-54 $74,242 $63,924 $65,441

Average Household Income 45-54 $83,256 $75,496 $76,693

Median Household Income 55-64 $64,407 $58,565 $59,434

Average Household Income 55-64 $76,280 $69,268 $70,547

Median Household Income 65-74 $53,613 $51,049 $51,763

Average Household Income 65-74 $65,377 $60,853 $61,994

Average Household Income 75+ $42,760 $41,786 $42,849

Page 23: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Demographic Charts | 23

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Population by Race

Page 24: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store Demographic Charts | 24

2019 Household Occupancy - 1 Mile Radius

Average Income Median Income

2019 Household Income Average and Median

Page 25: Conoco Gas Station & Convenience Store · 2020-01-24 · Conoco Gas Station & Convenience Store CONTENTS Exclusively Marketed by: Trenton Bright (435) 820-6801 trent@apex-cre.com

Conoco Gas Station & Convenience Store

Exclusively Marketed by:

Trenton Bright

(435) [email protected]

Daniel Davis

(435) [email protected]

Cole Waterfall

(385) [email protected]

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