The part that makes this rare
Most gas station deals are one income stream. This one has four: fuel and convenience sales, plus rent from three long-standing tenants who have been in place for five years or more.
The seller carries a large share of the price at 0% on a thirty year amortisation, with a five year balloon and a refinance contingency.
The business is absentee owned and the figures are modelled with management in place. The current manager and owner are open to staying a few months after closing so the transition is smooth.
Current and pro forma figures are in the package behind the agreement. Buyers should complete their own due diligence.
At a glance
| Business | Branded gas station and convenience storeWith a strip center and a detached building |
|---|---|
| Location | Dallas-Fort Worth, TexasExact market disclosed after NDA |
| Purchase price | $4,800,000 |
| Real estate | Included in the price |
| Rental units | 3Office/storage, a taco shop, and a mechanic in the former car wash |
| Seller financing | 0% interest, terms disclosed after NDA |
| Down payment to seller | |
| Monthly NOI | |
| Monthly cash flow after debt | |
| Earnest money | Deposited after inspection, contingent upon appraisal |
The business
The convenience store and fuel operation anchor a three-unit strip center, with a separate building that was once a car wash and is now leased to a mechanic. The current owner has held it for more than three years after buying from an owner of eight.
The sale includes the operating business and the real estate.
Where the upside is
Who this fits
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