Business Summary:
This unbranded full-service gas station is located on the South Shore at the intersection of two busy numbered routes (traffic count of over 20,000 cars per day), near Route 3. Fuel volume in 2006 was 630,468 gallons. The facility has a 1,280 square foot building with two repair bays. There are two dispenser islands with two Wayne blending dispensers and an overhead canopy. There is currently a tenant leasing the property and he will continue to lease it or vacate the property at the buyer s discretion. The lease expires in February 2008. The tenant is paying $3000 per month NNN in base rent with gasoline volume adjustments up to $4000 per month. Three single-walled fiberglass tanks were installed in 1985 and give the site 18,000 gallons of storage. The site has a clean environmental history and is part of the 21J fund, with a 100% reimbursable Certificate of Compliance. The site was appraised at $740,000 in 2005. RE taxes are $4,400 for FYE 2007.
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| Facilities / Terms of Lease:
The site is located on 10,890 square feet of land. The building is a two bay garage that is 1,280 square feet. There are two dispenser islands with a total of two Wayne blending dispensers. There are three single walled fiberglass tanks, with storage of 14,000 gallons of NL and 4,000 gallons of Super. New septic was installed in 2004. A new heating system was installed in 2005. There is municipal water to the property. |
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| Potential
Growth/Expansion:
The site could go self-service with a convenience store and lottery to boost business. |
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| Competition:
The site is located at the junction of two main roads in a very high traffic location. There is some competition on the road. |
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| Owner
willing to train:
None |
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| Reason for selling:
Retiring |
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Seller Reference Number: 219
BusinessMart.com Listing Number: 31278 |
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