BRANDED STATION LEASED OUT IN SOUTH EAST TENNESSEE
| Asking Price: | $755,000 | Inventory: | |
| Gross Revenue: | Not Disclosed | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
This is a perfect opportunity for a secure passive income with a good ROI or a 1031 investment property. Current ROI at selling price is 7%; after next lease increase, ROI will be 11%.
This 6,000 square-foot all metal building sets on almost one acre at the corner of a major intersection in a good and expanding part of town. The large canopy, building and all equipment are in very good condition and all are owned by the seller.
The business has six (6) tanks (two 12,000 and one 8,000 for gasoline, one 10,000 and one 4,000 for diesel and one 2,000 for kerosene). All tanks are steel and fiberglass, with five Gilbarco MPDs, some with card readers, a complete Veeder Root leak detection system and a security system for the building.
The current Lease expires in three years, and the Lessee has a five-year option. Lessee is responsible for ALL maintenance and has just installed new water lines.
New land tax appraisal has increased almost $60,000 just since the last one in this growing area which is a certified Tennessee Three-Star Program community.
Owner is asking $755,000 for this attractive and profitable store and real estate.
Pictures are available upon request.
This 6,000 square-foot all metal building sets on almost one acre at the corner of a major intersection in a good and expanding part of town. The large canopy, building and all equipment are in very good condition and all are owned by the seller.
The business has six (6) tanks (two 12,000 and one 8,000 for gasoline, one 10,000 and one 4,000 for diesel and one 2,000 for kerosene). All tanks are steel and fiberglass, with five Gilbarco MPDs, some with card readers, a complete Veeder Root leak detection system and a security system for the building.
The current Lease expires in three years, and the Lessee has a five-year option. Lessee is responsible for ALL maintenance and has just installed new water lines.
New land tax appraisal has increased almost $60,000 just since the last one in this growing area which is a certified Tennessee Three-Star Program community.
Owner is asking $755,000 for this attractive and profitable store and real estate.
Pictures are available upon request.
About the Business
Facilities:Very good
Market Outlook and Competition:Excellant location in growing area of town. Attractive station.
About the Sale
Reason For Selling:Owner is trying to down size his operation for retirement.
Seller Financing:Not at this time.
KEYWORDS: gas, station, c-store, convenience, lease, tn, tennessee, high, volume, southeast, lease
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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