Cedar River Travel Plaza (Real Estate & Operations)
Turn Key Business Opportunity
Marketing description
The offering presents a rare opportunity to acquire a full-service gas station and convenience retail asset located at N8151 State Highway M-35 in Cedar River, Michigan. Positioned along a key corridor connecting Escanaba and Menominee, the property benefits from consistent regional traffic and serves as a critical stop for both local and long-distance travelers.
The site operates with a monopoly-like advantage, as one of the only full-service fuel and convenience offerings within an approximate 30-mile radius. This limited competition supports stable demand and a broad customer draw.
The asset features diversified revenue streams, including fuel sales (gasoline, diesel, propane), a convenience store, and a full-service restaurant, along with ancillary services. These multiple income sources enhance operational stability and reduce reliance on fuel margins alone.
Significant barriers to entry, driven by the property's location and infrastructure requirements, limit the likelihood of new competition. Additionally, the corridor is supported by a $4.5 million MDOT roadway improvement, reinforcing long-term traffic viability.
The property is offered fee simple as a full turnkey operation, including land, building, fuel infrastructure, business operations, FF&E, and inventory (to be adjusted at closing), providing immediate cash flow and long-term upside.
Investment highlights
- Opportunity for an owner-operator to take over a well-established business and unlock additional upside through hands-on management.
- Multiple income streams including fuel (gas, diesel, propane), convenience retail, full-service restaurant, and ancillary services support stable cash flow, which includes a Liquor License.
- Proximity to JW Wells State Park, the State Marina, and nearby hunting camps drives consistent seasonal and year-round traffic.
- Remote location and infrastructure requirements limit the potential for new competition.
- The property operates as the only full-service gas station within ~30 miles of Escanaba and Menominee, providing a strong position along the corridor with limited competition.
- Property includes two EV charging stations and ~$300K in recent capital improvements.
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