Description

This independent gas station has 17 years left on a terrific assumable lease with very low rent! The rent is only $5200/mo. and more than $3,000 of that is covered by the rent from the mechanic’s bays! The station is located on the main road of a mid-Suffolk north shore town’s business district. The station has 3 pumps with 2 hoses each, and pumps 65,000 gallons a month of gas and diesel. Don’t let the number of gallons fool you! Because of their low net rent, they are actually netting more than larger stations pumping more gas! They have 15 good commercial accounts including a bus company! The 700 sq. ft. convenience store and has been beautifully remodeled with new refrigeration units and a coffee station. The service bays are rented out on a monthly basis, so an owner who’s also a mechanic has the option of taking over the service bays to add directly to the bottom line. The double-walled fiberglass tanks are only 4 years old and totally up to code. The station has clean environmentals. The landlord is great and is willing to work with the owner to add a canopy. This station is a Must See for any serious buyer!

Posted Sep 14, 2016

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