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5 Leased 1 Owner Operator Portfolio No Fuel Contract No Tenants For Sa

Trenton, MI (Wayne County)

5 Leased 1 Owner Operator Portfolio No Fuel Contract No Tenants For Sa
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Asking Price: $13,425,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: $1,216,320


Inventory: N/A

Established: N/A

5 Leased 1 Owner Operator Portfolio No Fuel Contract No Tenants For Sa

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Business Description

This is a Portfolio that is right in the heart of Michigan in some of the most exclusive and desirable areas. These stations will be on the market for a short time as this is an off market deal but we are looking for new buyers and investors to join our team. We currently have several Portfolios on the market over $300 Million worth of gas stations. If we don't advertise them than nobody knows what we have for sale and that's not fair to our sellers. With that being said this Portfolio will be on the Market for a very short time then taking down and transition into an off Market deal. We specialize in Portfolios so bid with confidence there is no cross bidding or pinning buyer against buyer first come first serve. This Portfolio just had over $3 Million dollars worth of upgrades done everything from canopies, pumps, store decor, all updated POS, RUBY all has been done and ready for sale. These stations all have convenience stores that range from 2,500-3,000 sf with one store being owner operated and brings in $1,320,000 in Gross sales yearly. The other 5 stores are being leased out with the landlord (Jobber) collecting a rent of $29,900 a month that's $358,800 yearly. The new buyer will have the option to either keep tenants or get your own tenants or just run it yourself the choice is yours. This portfolio is great for a jobber (Wholesaler) looking to expand in one area with all stations within minutes of each other. These station combined pump an average of 4,560,000 gallons a year with very little effort and most locations are being leased out. The volume could be easily increased by almost 40% with the new owner controlling the gas pricing and volume. The stations all have canopies with new LED lighting and anywhere from 4-8 MPD's that are updated with new credit card readers. The properties are all clean with no history of any environmental issues and all have updated tanks that are a Double Wall Fiberglass and where installed within 10 years. Most of this Portfolio is currently being ran branded and are as follows (3) SHELLS (1) CITGO, (1) PHILLIPS 76, (1) MARATHON, which are under fuel contracts. The new buyer will receive this Portfolio with No tenants and No Fuel Contracts attached, the asking price includes the buyout for each contract. The stations are located in the following cities in the state of Michigan Ecorse, Trenton, Utica, Detroit, Warren all in very desirable areas with high Real Estate value. The asking price is $13,425,000, CAP RATE 9.1%, EBITA $1,216,320 Make An Offer.

Detailed Information

Trenton, MI
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(from currently available funds)
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marlene rodriguez

Business Listed By:
marlene rodriguez

Marlene Rodriguez

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