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New (2008) Branded Gas Station and C-Store at OH Turnpike Exit

OFF OH Turnpike Exit, Ohio (Mahoning County)

Retail - Gasoline Service Stations | Retail - Convenience Stores

Asking Price $1,350,000 Inventory At Cost** 
Gross Income Not Disclosed Real Estate  
Cash Flow Not Disclosed Year Established 2008
FF&E Inluded* Employees Varies

* included in the asking price

** not included in the asking price

This new and unique branded gas station and convenience store is located directly off one of the easterly exits of the Ohio Turnpike and was completed in 2008. The store is 4,020 square feet and has room for a 1,500 to 1,800 food service area, such as a franchised sub shop or deli. Due to its location right off the Ohio Turnpike, and an adjacent motel, the food service would be a competitive advantage. If the buyer did not want to operate the food service, they could lease it out to a purveyor in the range of $12.00/square foot, triple net. The purchase at $1,350,000 plus inventory and gas in the ground includes an assumable mortgage. Because of the newness of the station, the financial information will have to be disclosed after a Confidentiality/Non-Disclosure Agreement was signed. This can be obtained by requesting information by e-mail to dgreens2@aol.com or calling 440-449-0635 or faxing 440-646-9732 THERE IS ANOTHER GREAT OPPORUTNITY AVAILABLE, as the owner will lease the property for five years at $9,000 per month, triple net, if the prospect does not wish to buy the station. The prospective tenant would have to buy inventory and gas in the ground at the seller's cost. There would be a management agreement for the lottery and liquor licenses until they were transferred into the trenant's name. The licenses could not be removed from the property, however. The prospective tenant would need good credit, some working capital and experience. There would be available two five-year options to extend the lease at terms to be negotiated. The information provided herein was from sources deemed reliable, but the prospective buyer or tenant will have to provide its own due diligence. D. Green and Associates, Inc. is a licensed real estate broker in the State of Ohio and represents the seller and potential landlord of the property.

Facilities: This is a new Branded Gas Station and Convenience Store of 4,020 square feet on an approximately 32,700 sq. ft. (0.75 acres) parcel adjacent to a new motel and directly off the Ohio Turnpike Exit in Easterly Ohio. The tanks were installed in 2008 and consist of 1-6,000 gallon diesel tank and 1-15,000 gallon and 1-6,000 gallon gas tanks. The tanks are fiberglass, reinforced plastic with double walled pressure piping, with mechanical leak detector and automatic tank guaging. There is a beer and wine license and Ohio Lottery.

Competition: The location offers a very competitive position as it is directly off the Ohio Turnpike Exit. A franchised sub shop or deli would be competitive also given the adjacent motel. However, the prospective buyer will have to determine the competition/market pros and cons through its own due diligence.

Growth/Expansion: The store has room for a 1,500-1,800 food service component for a franchised sub shop or deli. This could be an great plus given the competitive location directly off the exit of the Ohio Turnpike . However, the prospective buyer will have to determine the growth and expansion pros and cons through its own due diligence.

Financing: Seller will Lease Station for $9,000/Mo NNN + Inventory at Cost

Support/Training: Negotiable

Reason Selling: other interests

Business For Sale By

Diane Green

440-449-0635

D. Green and Associates, Inc.

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