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This gas station was built on one of Cleveland Ohio busiest road with over 12,000 cars a day travel this road. The station is being offered for lease by the new owner who has just purchased the location as part of a 18 station portfolio. The new landlord is going to rebrand this site ($100,000 investment) and give the new tenant a brand new start with the station. The volume is a little low to to miss management of the site with the last tenant being a store franchisee and not concerned with the fuel. There will be a fuel contract in place of RACK +1 which will allow the new operator to be very competitive on the pricing of the fuel. This location with the right operator could double in sales very easily in gas and the store. The numbers provided came from the seller so if the store sales are $70K with this volume, imagine being competitive on the fuel. The fuel price is what brings the customer to your station, so if the price is too high not only does the gas suffer but so does your store. The landlord owns over 30 stations and knows with the right fuel contract in place and the re-imaging of this site the numbers will double. The station has it all full canopy with c-store that is currently doing $70,000 a month in sales also sells lotto. The store also comes with a full kitchen that could be leased out easily for $3,000-3,500 a month. The kitchen is in working condition and has everything needed to be able to run and start producing cash flow all equipment in working condition. The gas portion of the business goes as follows 4 MPD's that are currently pumping 45,000 gallons a month at a very high margin. The seller will be taking appointments on a weekly basis for the right qualified buyer. The station is being sold with a 15 year (NNN) triple net lease and with a rent of $5,000 for 6 months. The landlord has no restrictions on the lease you can open and close as you please and lease out kitchen the choice is yours.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.