LISTING ID. NBG 19850 MI
MICHIGAN
$2,300,000
MPDS
CANOPY
NO FUEL CONTRACT
STORE
UNBRANDED GAS STATION
MICHIGAN
Unbranded Gas Station with C Store $1.5MM Gas 1 MM EBITDA $391K CAP RATE 17.0%. Major road unbranded gas station that was built in 2004 with stand alone 2,800 sf building. This station has it all full canopy 2,185 sf with up to date pumps 4 total and plenty of parking for this busy convenience store. The store is currently bringing in over $130,000 a month and also has 2 Lotto machines that combined bring in $100,000 a month. The Lotto alone in commissions paid bring in over $70,000 a year with ATM at $30,000 a year. This station is priced to sell at $2,300,000 with all numbers to be verified with the new potential buyer. This location was built on a 0.46 acre lot with plenty of local customers the station is a neighborhood station. The gas portion of the business is as follows 4 MPD's that are currently pumping 85,000 gallons a month at a very high margin and the operator nets $127,500 a year just on gas. There is also AIR/VAC and some additional rent on parking that is collected which brings in $6,000 a year. The cash flow for this station is $391,500 with a CAP RATE of 17.0% store sales over $1.5 million gas sales over 1 million gallons. Make an offer.
