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May 18, 2024
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Inland Empire Shell/Circle K Gas, Store and Car Wash Property Trades in $9.3 Mil Transaction


A private investor paid $9.34 mil for a Shell Gas Station, Circle K Convenience Store and Car Wash in Jurupa Valley. The purchase included both the business and the real estate.

Located at 3873 Pyrite St, directly off the heavily traveled I-60 Fwy with average traffic counts of 164,000 cars per day, the property is ideally situated at the intersection of Granite Hill Dr and Pyrite St. We’re told that the sale reflects a record setting price for a gas station property sold to a private party in the Inland Empire in the last decade (per CoStar).

Built in 1999 and fully remodeled in 2013, the 2.6-acre property features a high-volume Shell station with both a Standard and Big Rig Canopy with a combined total of 28 fueling positions, Express Car Wash, a 4k sf Circle K convenience store with type 20 beer and wine license and a 2.6k sf drive-thru restaurant building that is occupied by Alberto’s Mexican Food and Sub Hub Sandwiches. The site also includes 1.6 acres of adjacent additional land that could be used for related services such as additional pumps, electric vehicle charging stations or a fast-food drive thru.

Progressive Real Estate Partners’ Victor Buendia and Greg Bedell represented the seller, a Riverside County private investor. Mahlon Tobias from Tobias Commercial repped the buyer, a Riverside County investor that also operates multiple ARCO gas stations throughout California.

“The demand for freeway visible high volume gas stations with full-service convenience stores in SoCal’s Inland Empire continues to be very strong,” noted Buendia. “In this case the property also offered the buyer the added value of receiving rental income from the restaurant building as well as the opportunity to expand the operation on the adjacent land.”

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