Seller is willing to do a lease purchase for the Property! Buyer only needs to bring $200k plus unexpired inventory and the remaining balance can be financed at 2 options:
1st Option: $5,000 monthly payments and a 5-year amortization. Own the property free-and-clear in 5 years!
2nd Option: Interest-only payments at 9% with a balloon payment of the remaining balance after 5 years.
No Jobber Contract!
Seller is willing to give the property without a COAM contract for the right price and down payment!
Two Parcels included! One Gas Station Parcel with full Mechanic Shop and a House Parcel right next door!
No Regular gas was sold at the store.
Mechanic and Seller had a 50/50 profit-share split arrangement for the mechanic shop income! The agreement was at-will and the Buyer can change the arrangement at any time.
There were two full-time employees who lived in the house and ran the store!
Store Information:
C-Store Building area is 1,050 SF and sits on a prominent corner location offering excellent visibility and easy access!
Ample parking area with multiple fuel pumps!
Mechanic shop adds a significant high-margin service revenue opportunity!
House next door is 3 bed, 1 bath. kitchen, and hall (guesstimated at 1,100 sqft). It is a perfect manager's suite! Buyer can also rent out the house!