NEW JERSEY 0730
BRANDED GAS STATION
MORRIS NEW JERSEY 07930
Once in a lifetime opportunity to own this site over $1.25 per gallon for over 15 years
Branded gas station in one of New Jersey's wealthiest city called chesster. This location is the best station we have ever offered for sale in over 8 years of selling gas stations. The station was built for the distributors daughter who owns over 200 sites in new jersey and was leased by the current operator almost 15 years ago. The station has a history of a net profit of over $250k a year when the sellers son was running it, everything is on paper and ready for the new potential buyer to review. The family is a property management company and has been running this site currently with a manager. The site has been running to its full potential and now being offered for sale due to the sellers son now going to college and cannot handle the day to day with managers. This station has a 4,000 sf convenience store that sells over $50,000 a month at a 75% profit margin for over 15 years now. The store has a full deli department that is ran by a tenant who pays 50% of profit to the seller, so if you don't want to be involved with the deli the tenant is already there. This store was a franchise store called ON THE RUN which charged 10% of gross sales, the seller bought the franchise out for $150k FYI. The station has it all full canopy with 4 brand new pumps 20,000 gallons a month with fuel margins starting from $1.25-$2.50 a gallon and has been keeping this margin for over 15 years. This station has been built in a historical area which means no WAWA or other gas station could be built in this area so your investment is secure. This town has some of the wealthiest Celebrities here including Mike Tyson, Whitney houston, Tom Brady and some of the big tec owners live here. The station is being sold with a brand new lease of 5 years that automatically renews every 5 years (PMPA Lease) and the rent is $12,000. This is an iconic location you will never find a gas station that will ever come close to this station. The asking price is negotiable and starting at $550,000 the seller is motivated to sell so make an offer. There is no seller financing available at the moment so cash would be prefered by the seller. Make an offer.