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Jan 30, 2020Unique opportunity to purchase a portfolio of 8 unbranded gas stations, which are all located in southern NJ and within close proximity of each other. These 8 stations currently pump over 700,000 gallons a month with a blended margin of 0.20 cents/gallon. The current owner will stay on as the landlord and is offering a triple net lease of $52k per month for all 8 stations. The terms of the lease will include 4 consecutive five-year leases (20 years total) and the new buyer will have the right of first refusal to eventually purchase the land. The current owner will guarantee EPA status for all locations, up through purchase of the business, which will help for an efficient transition. There is an area manager that oversees all day-to-day operations and would be willing to stay on with new owner. The station employees will also be available to stay on. Potential buyers must have experience in the gas business and know how to run and operate a multi-location opportunity. Also, any potential buyer needs to show POF in excess of $1mm prior to contacting or meeting the current owner.

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