San Antonio sits inside the largest convenience-store market in the country. Texas runs roughly 16,500 C-stores, more than any other state, and the I-35, I-10, and Loop 1604 corridors feed steady fuel and inside-sales volume across Bexar County and the surrounding Hill Country. Texas cap rates average about 5.63%, slightly wider than the national figure near 5.6%, which gives buyers room and gives sellers a deep pool of demand. Gas Station Trader is the fuel and C-store practice of Eagle Nest Property Group, a Dallas-based firm that has transacted more than 250 million dollars. We broker gas station purchases, sales, and sale-leasebacks for owners and investors across San Antonio. See our wider Texas gas station market coverage.
The San Antonio gas station market
San Antonio is the urban core of the deepest C-store market in the United States. Texas operates roughly 16,500 convenience stores, well ahead of California at about 12,140 and Florida near 9,730. Within Bexar County, fuel demand concentrates along I-35, I-10, Loop 410, and Loop 1604, where commuter and freight traffic supports strong gallon counts. A busy urban station nationally moves 100,000 to 150,000 gallons per month against a US average near 4,000 gallons per day, and well-placed San Antonio sites sit at the higher end of that band. About 60% of US C-stores are single-store operators, so the local market includes many independent owners weighing a sale, a refinance, or a growth acquisition. See our branded gas station listings and NNN gas station listings.
Buying a gas station in San Antonio
Buyers in San Antonio typically finance through SBA 7(a), which caps at 5 million dollars and requires a 15% minimum equity injection for special-purpose gas stations, meaning 10% to 15% down. June 2026 SBA rates run about 9% to 11.5% APR variable, with real estate terms up to 25 years and closings in 30 to 90 days. Conventional debt usually demands 30% to 40% down, and many banks avoid underground storage tanks due to CERCLA liability. Every SBA fuel deal requires a Phase I ESA at 1,800 to 3,500 dollars under ASTM E1527-21. Start with our acquisition services, run numbers in the valuation calculator, and review the due diligence checklist before you write an offer.
Selling a gas station in San Antonio
Sellers in San Antonio benefit from Texas demand depth and cap rates near 5.63%. The value driver is whether you sell the business only, the combined business and real estate, or the real estate alone. Business-only deals trade at 2.5x to 4.0x EBITDA, while combined business-and-real-estate sales reach 4.0x to 7.0x EBITDA and roughly 8x when real estate is included. Most sale timelines run 3 to 6 months. Broker commissions are typically 10% to 20% on business-only transactions and about 6% to 10% when real estate is included. We position your station for the right buyer pool, manage diligence, and protect price through closing. Begin with our disposition services and study how to increase gas station value before you list.
Values and cap rates in Texas
Texas gas station cap rates average about 5.63%, modestly wider than the national average near 5.6%, which is roughly 5.58% with fuel and 6.87% without fuel. Tenant credit moves the number: 7-Eleven sites trade at 5.00% to 5.40%, Murphy USA near 5.13%, and Circle K at 5.35% to 5.65%. C-store performance carries the economics. Inside sales are about 30% of revenue but roughly 70% of profit, with in-store items at 20% to 40% margins, while net fuel profit is only a few cents per gallon despite 2025 fuel gross margins averaging 40-plus cents. A small-to-medium owner often nets about 70,000 to 100,000 dollars per year, reaching 100,000 to 500,000 by site. Model deals with the cap rate calculator and read gas station cap rates by state.
