Details - Information last confirmed on February 13, 2021
MI 9 Station Portfolio Store Sales $12 Million Gas 10.9 Million EBITDA $5.4 Million CAP RATE 24.4% For Sale
This portfolio consists of 7 Branded stations and 2 Unbranded stations with the possible buyout of the fuel contracts on the branded sites your choice. These station all have convenience stores that range from 1500-3,000 sf and combined sales bring in over $12,000,000 a year with very little effort. The sites are all currently being ran by the sellers which in this portfolio there is 6 of them that will all be represented by the same title company for a smooth transaction. The brand of stations are Exxon, Mobil, Marathon, Citgo with the other 2 unbranded stations with Speedways. The stations in this portfolio all have clean environmentals with updated tanks (DWF) and are within compliance with the state of Michigan. The stations all have full canopies with each station having a minimum of 4-10 MPD's that are all in working condition and combined pump over 10.9 million gallons a year and sell all grades of fuel. The new buyer (Investor, Jobber, Fuel company ) will have the option to either run as is owner operated or lease out (NNN) and collected key money over $1.8 million back in your pocket we have the tenants available. The portfolio the way it is brings in over $5.4 Million a year with all paperwork in hand to back up the numbers that have been provided. This portfolio will only be shown to the right qualified buyer. What qualifies a buyer for this portfolio there is only one thing and that's proof of funds or a commitment letter from a bank that says they are willing to lend up to a minimum of $25 million to the purchaser. Also 1031 exchange are all welcomed and just know that there will be a time frame in place to close with deposits in place of course. If you feel uncomfortable showing proof of funds this portfolio isn't for you, so before you ask for more information have your proof of funds available for showing. Any personal information could be blacked out on the proof of funds we just need to make sure that funds are available and is valid. This portfolio will be on the open market for a week starting 2/10 then will be off market and sold within our database. We are advertising this on the open market to show Investors ,Hedge Funds, Jobbers, Fuel companies what we can do for you and your money 24.4% CAP RATE find another portfolio on the market that even comes close. If you are a broker looking for information on this portfolio it isn't going to happen so let me save you some time don't request information from us. Saving Buyers Time and Money and for you flippers do the the math this portfolio could be sold at a 10 CAP for millions in pure profit overnight we know the market. Priced right for a quick sale Make an offer.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.