CHEVRON DEVELOPMENT PRESENTATION
Tuesday, January 21st 2025
TABLE OF CONTENTS
UNDER CONSTRUCTION
IN FOR PERMITTING
CONSTRUCTION DOCUMENTS BEING ENGINEERED
ENTITLEMENT STAGE
REZONE SITES
FUTURE SITES
ACQUISITIONS
LOI SUBMISSIONS
APPENDIX
UNDER CONSTRUCTION
TH #401
672 E. Canyon Ranch Dr., Cedar City, UT 84721
Type of Project: C-Store, Auto Gas Canopy, Car Wash
Estimated Annual Gallons: 1,800,000
Estimated Annual C-Store Sales: $2,300,000
Estimated Annual Car Wash Sales: $250,000
Status: Under Construction – Expected to be completed by 2/15/2025.
Type of Project: Travel Plaza, Auto Gas Canopy, Truck Diesel/Gas Canopy
Estimated Annual Gallons: 1,600,000
Estimated Annual Diesel Gallons: 600,000
Estimated Annual C-Store Sales: $1,700,000
Status: Under Construction – Expected Opening Date 8/1/2025.
3555 W. Winnemucca Blvd., Winnemucca, NV 89445
Type of Project: Travel Plaza, Restaurant, Casino/Bar, Auto Gas
Canopies, Chevron Diesel Truck Stop, Starbucks
Estimated Annual Gallons: 1,800,000
Estimated Annual Diesel Gallons: 1,800,000
Estimated Annual C-Store Sales: $3,000,000
Status: Under Construction – Expected Opening Date 11/15/2025.
TH #443 Parowan Exit 78 (NWC)
Parowan, UT
Type of Project: Travel Plaza, Auto Gas Canopy, One9 Commercial Site, Car Wash
Estimated Annual Gallons: 1,800,000
Estimated Annual Diesel Gallons: 3,500,000
Estimated Annual C-Store Sales: $2,676,884
Estimated Annual Car Wash Sales: $250,000
Status: Under Construction – Est. Opening Date October 2025.
TH #398 Cheyenne & Bucyrus Erie
720 E. Cheyenne Ave., North Las Vegas, NV 89030
Type of Project: C-Store, Auto Gas Canopy, One9 Commercial, Car Wash, Tavern
Estimated Annual Gallons: 1,500,000
Estimated Annual Diesel Gallons: 4,500,000
Estimated Annual C-Store Sales: 2,730,952
Estimated Annual Car Wash Sales: $250,000
Status: Under Construction – Est. Opening Date October/November 2025.
IN FOR PERMITTING
TH #422 I-15 & Las Vegas Blvd (NEC)
Las Vegas, NV
Type of Project: Travel Plaza (Unbranded), Auto Gas Canopy, One9 Commercial Site
Estimated Annual Gallons: 2,200,000
Estimated Annual Diesel Gallons: 4,500,000
Estimated Annual C-Store Sales: $2,160,000
Status: Lease Executed – Permits expected to be issued by middle to end of year (depending on landlord delivery and utilities being brought to the Apex area). Construction could begin by end of year.
TH #408 Las Vegas Blvd & Carey
2404 N. Las Vegas Blvd., North Las Vegas, NV 89030
Type of Project: C-Store, Auto Gas Canopy, Car Wash
Estimated Annual Gallons: 1,200,000
Estimated Annual C-Store Sales: $1,600,000
Estimated Annual Car Wash Sales: $250,000
Status: Permits Approved - Discussions are being had with landlord’s bank. Timing dependent on those conversations.
TH #452 Decatur & Windmill (SWC)
Las Vegas, NV
Type of Project: C-Store, Auto Gas Canopy, Car Wash
Estimated Annual Gallons: 1,200,000
Estimated Annual C-Store Sales: $1,600,000
Estimated Annual Car Wash Sales: $250,000
Status: Lease Executed - Landlord is gathering tenants for the development. Once they get tenants and secure financing, then our permits and the landlords civils are ready to be approved. Timing dependent on landlord financing.
TH #445 Littlefield, AZ (NEC)
Littlefield, AZ
Type of Project: Travel Plaza, Auto Gas Canopies, Future QSR
Estimated Annual Gallons: 1,920,000
Estimated Annual Diesel Gallons: 500,000
Estimated Annual C-Store Sales: $2,160,000
Status: Lease Executed - Civil plans are approved. Building plans are pending final approvals. We are waiting for the contractors bid. Once we have the contractor bid, we can go in for financing as well as provide valuation on the project to building department. Assuming this all takes 2-3 more months. We could start construction in April/May.
TH #456 23rd & Northern
2302 W. Northern Ave., Phoenix, AZ 85021
Type of Project: C-Store, Auto Gas Canopies, Car Wash
Estimated Annual Gallons: 1,800,000
Estimated Annual C-Store Sales: $2,300,000
Estimated Annual Car Wash Sales: $250,000
Status: Lease Executed - Architect believes we will receive comments in the next 5 weeks. After the next round of comments are addressed, we assume approval on building plans will be shortly after. We are out for bid with contractors. If all goes well, we could have permits and start construction sometime by end of February or beginning of March.
CONSTRUCTION DOCUMENTS BEING ENGINEERED
TH #451 Parowan Exit 75 (NEC)
Parowan, UT
Type of Project: Travel Plaza, Auto Gas Canopies, Car Wash, Starbucks, Future QSR Pad
Estimated Annual Gallons: 1,800,000
Estimated Annual C-Store Sales: $2,300,000
Estimated Annual Car Wash Sales: $350,000
Status: CDs are being finalized - CDs are being finalized and will get submitted by end of the month.
TH #457 71st & Olive (SEC)
Peoria, AZ
Type of Project: C-Store, Auto Gas Canopy, Potential Future Car Wash (Phase 2)
Estimated Annual Gallons: 2,400,000
Estimated Annual C-Store Sales: $2,600,000
Estimated Annual Car Wash Sales: $250,000
Status: Design Review - Currently in design review for civil plans. We are finalizing floor plan iterations internally. Once floor plan has been determined, then we can jump into Construction Documents. Assume CD’s will get started on by 2/1/2025.
Decatur & Lone Mountain (NEC)
Las Vegas, NV
Type of Project: C-Store, Auto Gas Canopy, Car Wash
Estimated Annual Gallons: 1,200,000
Estimated Annual C-Store Sales: $1,600,000
Estimated Annual Car Wash Sales: $250,000
Status: Lease Executed - Waiting on landlord’s timeline to get closer to ours. They have had many delays. We are waiting till they are closer to approved plans that will deliver us a completed plan before we get started on our CDs.
TH #458 Lower Buckeye & 83rd (SEC)
Phoenix, AZ
Type of Project: C-Store, Auto Gas Canopy, Car Wash
Estimated Annual Gallons: 2,400,000
Estimated Annual C-Store Sales: $2,600,000
Estimated Annual Car Wash Sales: $250,000
Status: Working on Lease - Landlord is submitting for site plan approval. They expect first round of comments sometime in the middle of February. Once comments are received on the site plan, we will know if we can start working on our Construction Documents or wait till their next submittal.
Gantzel & Bella Vista (SEC)
San Tan Valley, AZ
Type of Project: C-Store, Auto Gas Canopy, Car Wash
Estimated Annual Gallons: 2,160,000
Estimated Annual C-Store Sales: $2,500,000
Estimated Annual Car Wash Sales: $250,000
Status: Working on Lease – Landlord is submitting for site plan approval. We have not received any updates from them on timing. Therefore, we cannot get started on our CDs until we know timing.
#459 Pebble Creek & Virginia (SEC)
Goodyear, AZ
Type of Project: C-Store, Auto Gas Canopy
Estimated Annual Gallons: 1,800,000
Estimated Annual C-Store Sales: $2,000,000
Status: Working on lease – Rezone required which takes 6-8 months. Waiting for survey to be completed 1/20. Then takes civil 4+ weeks to finish documents. Therefore, we assume we will submit for rezone and design review on the week of 2/10.
ENTITLEMENTS
TH #423 Halloran Summit (SEC)
63861 Halloran Summit Rd., Nipton, CA 92364
Type of Project: Travel Plaza, Auto Gas Canopy, Truck Gas Canopy
Estimated Annual Gallons: 1,440,000
Estimated Annual C-Store Sales: $1,900,000
Status: Purchased - Been in review with San Bernardino County now for a year on our MUP submittal. Originally was told no CEQA was required, then in July was told CEQA was required. Submitted CEQA in August to find out in November no review had taken place. We have gone through 4+ planners in the County. Now they contracted us out to a third-party plan checker who has been much more responsive. MUP comments are being addressed and they have reviewed our CEQA which we resubmitted and will go to public review soon. If all goes well, we could have entitlement approval by middle of this year.
TH #455 Via Nobila & Gilespie (SEC)
Henderson, NV
Type of Project: C-Store, Auto Gas Canopy, Car Wash, Tavern & QSR
Estimated Annual Gallons: 1,440,000
Estimated Annual C-Store Sales: $1,900,000
Estimated Annual Car Wash Sales: $250,000
Status: Lease Executed - City of Henderson changed code requirements in December. Working on County Commission approval of rezone and special use permits for this site. Should have approval by end of January.
Hunt Hwy & Merrill (SWC)
Florence, AZ
Type of Project: C-Store, Auto Gas Canopy, Car Wash
Estimated Annual Gallons: 2,400,000
Estimated Annual C-Store Sales: $2,600,000
Estimated Annual Car Wash Sales: $250,000
Status: In escrow. Our pre-app meeting with the Town of Florence was held on 10/30/25. We have received pushback from the Town regarding needing to develop the entire 17-acre piece instead of just our 2.5-acre piece. We are currently working with the Seller’s group to site plan for the entire 17-acre development to keep project moving forward. Est Open Year: 2026.
Miller & Southern (SWC)
Buckeye, AZ
Type of Project: C-Store, Auto Gas Canopy, Car Wash
Estimated Annual Gallons: 2,400,000
Estimated Annual C-Store Sales: $2,600,000
Estimated Annual Car Wash Sales: $250,000
Status: In escrow - Our pre-app meeting with Buckeye was held on 12/19/24. We are now working through comments received by the city regarding access drives, water connection tariff, and having to construct a box culvert along Southern Ave. Our Civil team is working on records requests of existing information from City. Our ALTA survey has been ordered. Est Open Year: 2026.
REZONE SITES
o Porter & Bowlin (SEC) – Maricopa, AZ
o Elliot and Ellsworth (NEC) – Mesa, AZ
o Honeycutt & Porter (SWC) – Maricopa, AZ
FUTURE SITES
o Sunset & Quarterhorse (NEC) – Las Vegas, NV
o Happy Valley & 163rd Ave (SEC) – Surprise, AZ
o Litchfield & Sweetwater (SWC) – Surprise, AZ
o Ajo Hwy & Bopp Rd (NWC) – Tucson, AZ
o Gary & Skyline (NEC) – San Tan Valley, AZ
o Cotton & Cactus (NEC) – Surprise, AZ
o Happy Valley & Dysart (NWC) – Peoria, AZ
o Elliot & 59th Ave (NEC) – Laveen, AZ
o Ocotillo & Schnepf (NWC) – Queen Creek, AZ
o Hunt Hwy & Spring Valley (SWC) – San Tan Valley, AZ
o Wickenburg, AZ – No Address Yet
o Ely, NV – No Address Yet
o Wells, NV – No Address Yet
ACQUISITIONS
o Fabulous Freddy’s: 9611 Trailwood Dr - April 2025
o Fabulous Freddy’s: 1101 S Fort Apache Rd - April 2025
o Fabulous Freddy’s: 4350 S Durango Dr - April 2025
LOI SUBMISSIONS
o Meridian & Germann (SEC) – Queen Creek, AZ
o Verrado & Yuma (SEC) – Buckeye, AZ
o Ellsworth & Germann (NEC) – Queen Creek, AZ
o 107th Ave & Van Buren (NEC) – Avondale, AZ
o 83rd Ave & Roosevelt (NEC) – Tolleson, AZ
o Jackrabbit & Roosevelt (SEC) – Buckeye, AZ
o Lindsay & Lexington (SEC) – Gilbert, AZ
o 107th Ave & Broadway (NWC) – Avondale, AZ
o Lindsay & Pecos (NEC) – Gilbert, AZ
o Sun Valley Pkwy & Tartesso (SWC) – Buckeye, AZ
o Cottonwood & Peart (SWC) – Casa Grande, AZ
o 91st Ave & Cardinal’s Way (SEC) – Glendale, AZ
o Riggs & Sun Lakes Blvd (NWC) – Sun Lakes, AZ
APPENDIX
OVERALL TIMELINE
SUPPLIER ANNUAL GALLON FORECAST
o CJ
o 22 Stores
o 46,560,000 Gallons
o Roy
o 14 Stores
o 27,240,000 Gallons
o Shannon
o 11 Stores
o 16,540,00 Gallons
o Kevin
o 6 Stores
o 10,080,000 Gallons
o Total
o 53 Stores
o 100,420,000 Gallons
