Absentee owned Gas Station in Auburn, AL!
Listing was updated at: 06/06/2019
Property Overview
Price/Rent PSF $ 635,000.00 /3,200.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 1
Date Available 04/08/2019
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Inside Sales of $50,000 with Seller never present on-site! Operating manager is not maximizing the potential for the Business. Seller wants to get into a franchised food business and is motivated to sell! Gas station is located on a very busy street in Auburn! Right across from the Mall and Movie Theater! Close to Auburn airport and very close to the Golf course. Only 9 mins from Auburn University and sell a substantial amount of novelty items at high margins. Rent is currently $3,200 with Lease expiring in 2021 but you can extend the Lease for another two 5-year renewal options until 2031! The rent will increase by $200 per option period. Outside sales are 46,500 gallons at 3 cents commission. Gas station is owned by the jobber, and jobber pays 50% of the credit card fees. Jobber purchased the gas station in 2009. Seller's ATM is empty right now but the commission was $300-$400 per month! Asking Price for Business-only: $75,000 + inventory! Asking Price with Property: $635,000 + inventory! The station is currently branded as a Texaco but the Jobber will convert it into unbranded and release the contract if the property is bought. Or you could get a new Jobber contract as well.