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Thunderbird petroleum Products LLC 322 CO-96

13,998 SF 100% Leased Retail Building Sheridan Lake, CO 81071 $1,848,600 CAD ($132 CAD/SF) 12.81% Cap Rate

Investment Highlights

  • Highway exposure, Heavy morning foot traffic

Executive Summary

Thunderbird Petroleum Products LLC is a family-owned business that has served the community, and the highway crowds for decades. Located at the intersection of US Highway 385 and Colorado Highway 96 where approximately 100 trucks per day slow down or stop and this location has no competition nearer than 28 miles in any direction. With two major grain elevators in the area, a lot of trucks come through as well. The businesses within these buildings have been open for many years and provide; food, gas, tires, oil changes, agriculture supplies and other repairs/maintenance to commercial semitrucks and regular vehicles. There is a mechanic working here currently, and they plan to stick around after the sale if the buyer so chooses. This sale includes the convenience store, mechanic shop/parts store, gas station, three bedrooms, two bathrooms house which was built in 2000, a wind turbine, and multiple storage areas which are all situated on the 1.8 acres lot. The furnace repairs and sales cover five states region, the oil business distributes for Petrochoice out of Wichita Kansas to the state of Colorado with potential to expand to other states if you wish. With 13,998sq ft of building space, and 1.8 acres of land- the sky is the limit! Build a laundromat and/or a restaurant even! This would be great for people who are traveling, and definitely for truckers! Thunderbird Petroleum is listed on the Trucker Path App. Towner Energy Center is working on 1,000+ megawatt combined wind, solar, and storage facility to be located in Kiowa County.
Seller financing is available.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
13,998 SF
Building Class
C
Year Built
1960
Price
$1,848,600 CAD
Price Per SF
$132 CAD
Cap Rate
12.81%
NOI
$236,763 CAD
Percent Leased
100%
Building Height
1 Story
  • Listing ID: 30842450

  • Date on Market: 2024-02-01

  • Last Updated:

  • Address: 322 CO-96, Sheridan Lake, CO 81071

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