SG 11707 California Kern County Gas Station Truck Stop Development Opportunity
This is not a typical gas station project; it is being positioned as a dominant freeway destination.
Purchase Price: $9,000,000 for the entire site which consist of (41+/- acre).The transaction is structured to close shortly after issuance of the Conditional Use Permit (CUP), which is anticipated within the next 4-6 months. Should the purchaser elect to assume and complete the remaining entitlement process independently, ownership will consider an appropriate adjustment to the purchase price.
Shell commitment: $1.75M for a ten-year fuel supply agreement for the gas station portion.Total all-in project cost will be approximately $23-25 M+/-. inclusive of the land purchase price.
Assets combining:
• High fuel volume potential
• Captured EV charging dwell time 44 supercharging dispensers
• Food & beverage anchor synergy (3 ) major fast food stores inside the convenience store plus a drive-thru Starbucks or In-N-Out Burger
• Truck stop component encompassing approximately five 4-5 acres
PROJECT HIGHLIGHTS
• Branding Secured: Shell Oil Company has been established as the primary fuel supplier and brand platform
• Strategic Tenant Mix (Curated):
• Shell / Loop Convenience Store (±9,000 SF flagship format)
• Starbucks (Drive-Thru Exclusive – Single Allocation)
• Tesla Supercharging Facility (35–40 stalls planned)
• Truck Stop Component (8–10 diesel lanes, high-clearance canopy)
• Location Advantages:
• Immediate access off Interstate 5 (major north/south corridor)
• Positioned at a natural traffic slowdown/decision point
• Direct adjacency to recreational gateway (Lake Pyramid traffic draw)
• No competing full-scale travel center in immediate proximity
• Site Design & Visibility:
• Multi-access circulation accommodating passenger and truck traffic
• Mega-size-format freeway pylon signage with national brand exposure
• Integrated solar canopy infrastructure across fueling and EV zones
• Development Status:
• Entitlement process substantially advanced
. A fifty-foot deep water well to supply the site. A key element for the subject project. A rare commodity to own and utilize for the site
STRATEGIC OPPORTUNITY
The ownership is selectively engaging with national operators and category leaders for final tenant alignment and pad allocation.
1. Revenue
A. Fuel Operations
Gasoline: 250,000 gal/month × $0.25 = $62,500/month
Annual = $750,000
Diesel: (unchanged moderate assumption)
180,000 gal/month × $0.28 = $50,400/month
Annual = $604,800
Shower Revenue- 32-48 showers/day- Average 40 showers/ day @$15/shower= $600/ day
Gross average shower revenue/ month: $180,000
Net shower and diesel revenue- $180,000+ 604,800= $785,000- 40% running expense = Net $471,000
Total Diesel and Shower Revenue: $1,076,000.00
Gasoline / Diesel/shower aggregate revenue: $1,826,000.00
B. Convenience Store
Assumption:
$1,440,000 Annual gross sales
35% margin- $504,000 /month gross profit
Annual = $6,048,000
C. Tenant / Lease Income
SourceAnnualStarbucks Corporation$144,0003 Fast Food Tenants$240,000Tesla, Inc. Pad$180,000 Plus percentage is being negotiated at this stageBillboard$96,000ATM / Misc$36,000Truck Parking / Ancillary$144,000Total Lease Income$840,000
2. Total Gross Profit / Revenue
CategoryAnnualFuel/diesel shower Margin$ 1,826,000C-store Gross Profit$ 6,048,000Lease Income$ 840,000Total$ 8,714,000
3. Operating Expenses
ExpenseAnnualPayroll$1,200,000Credit Card Fees$ 420,000Utilities$ 180,000Insurance$ 160,000Property & Payroll Tax $ 210,000Repairs / Maintenance$ 110,000Admin / Accounting$ 140,000Reserve / Misc$ 130,000Total Expenses$2,452,000
4. NOI
Gross Revenue $8,714,000.00
Less expenses $2,452,000.00
Annual Income: $6,262,000 (NOI)
Preliminary Timeline- Estimated
PhaseEstimated Duration
Final Design & Permitting4–6 monthsSite Grading & Basins3–4 monthsUtilities Installation4–6 monthsFuel System3–5 monthsBuilding Foundations1–2 monthsVertical Construction 6-8 monthsPaving, Finishes, Inspections 2–3 months
There are voluminous reports at hand. They will be provided at a later time once required.
