Listing # P00056 – Long Term Lease w/Business – Monmouth, NJ

Shell C-Store - Long Term Lease w/ Business

Property Information

Listing No.

P00056 – Long Term Lease w/Business – Monmouth, NJ

Price

$1,300,000

Location

Monmouth, NJ

Real Estate Taxes

Included in the Rent

Tanks

(3) 10,000 gallon DWF tanks

Supply

Shell Rack +2, with approximately $3,000 per month rebate

NNN Triple Net Lease

Business Included

Property Highlights

Station has 8 gasoline fueling positions, is full serve, has a canopy, pay at the pumps, topaz touch screen, veeder-root, backroom software and station is opened 24/7. It is located on a very busy street, w/easy in & out, lots of walk-up traffic & lots of parking. Long term lease of 20 years NNN available. Rent $33,000 per month which includes RE taxes. Rent deposit of 3 months is required. Station has (3) 10,000 gallon DWF tanks.


Business Highlights

Shell C-Store – One of a kind – High income station with high margins (All number can and will be proven). Monthly gas volume of approximately 130,000 gallons per month at very high margins of 25 cpg on regular and 50 cpg on special & super, for a average margin of 28.7 cpg on all grades including 10 cpg more for credit cards, plus an additional $3,000 gas rebate from the distributor. High store sales of approximately $110,000 a month at 30% gross profit. Lottery sales are approximately $90,000 a month at 5%. ATM makes approximately $2,000 per month net. Air/Vac makes approximately $500 per month net. Total rebates are approximately $4,500 per month. Hot dog & clothing bin does approximately $450 net. No oil school required. Dunkin Donuts draws customers into c-store which increases store sales, Dunkin Donuts pays approximately $7,000 per month in rent. Supply deal of Shell rack +2 with 3½ years remaining. Approximate Cash Flow – $414,720.

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Listing Brokers



Disclaimer


Please tour discretely as a customer, as all employees do not know station is for sale. Do not attempt to discuss this listing with the owner or any employees without prior approval from us. Seller requires financial statement with offer. All information has been provided by the seller and needs to be re-verified by the buyer. Bill Blau Real Estate & Bill Blau Business Broker, Inc. makes no representation to its accuracy and does not certify or make any warranties of any of the information provided and have not verified any information. It is strongly advise that you and/or your accountant review all information and do all due diligence before the closing. Information is subject to change without notice.