Gas Stations and Convenience Stores

Gas Station and Convenience Stores

Lee & Associates Valuation and Consulting Services offers specific expertise in gas station and convenience store property types.


Gas stations and convenience stores are a special group of properties that often include more than just the sticks and bricks. These assets are specifically driven by the business revenues, which are derived from gasoline sales, inside sales, and other ancillary sales centers that include car washes or oil change facilities.


Our appraisals include an analysis and an allocation of the “Going Concern” – land, improvements, fixtures and business enterprise.


The gas station and convenience store industry has changed dramatically over the past decade and one must have a comprehensive understanding of the industry itself. Federal anti-trust regulations have moved the industry into a fragmented group of small operators. As a result, each property needs to be closely analyzed and benchmarked against other similar properties types. Our sources of data include OPIS (Oil Pricing Information Service), NACS (The Association for Convenience & Fuel Retailing) and BIZCOMPS.


The experience and expertise required to value this special class of assets can only be gained over many years. Our team has valued hundreds of these assignments. We are actively engaged in the industry and consult and interview “jobbers”, brokers and buyers, as part of the appraisal process. Our analysis is more than just an appraisal, it is an assessment of property’s performance and its relationship to an ever evolving industry.