This gas station has been around since the 90s and has served the surrounding communities since then under the same brand. The property consists of 1.84 acres with plenty of parking all around in this triangle shaped parcel. The gas station has a 2,800 ft convenience store under canopy with 8 Wayne dispensers and a car wash. The gas station was refitted with new LED lighting and price sign. The dispensers are less than 2 years old and offer 4 grades of gasoline including diesel. Fuel sales are approx. 69K/month @ $.35/gal GP and store sales $32K/month @ 35% GP, and Lottery sales of 10K/month @ 5% GP.
The property is located in a primarily residential neighborhood on the intersection of 2 major roads, with 16K vehicles/day and 41K cars/day respectively. Car Wash is currently not operating and will need to be repaired (estimated at $3K-$4K).
Lease shall be for a period of 10 years with a 5 year option starting with 3% annual increases. A lease first and security deposit of $30K and a fuel deposit of $30K will be required at closing. Buyer will need to be qualified by Landlord. NDA required for additional information.
