Description:
Imagine owning a Union 76 Gas Station, located on a “Hard Corner” in the San Fernando Valley - with an unbelievable $60/Month NNN Land Lease! Believe it or not - IT’S TRUE! 38-YEARS remaining with current lease, so the rent for this property will never exceed $720 for the entire year!
This gas station is located on a Hard Corner of two busy main roads. Very high visibility and busy traffic!
Gas station also has a small snack shop selling 15K monthly. Currently pumping 75,000 gallons each month. Also sells propane. Auto Shop has 3-Bay Mechanic Shop, which has monthly gross sales of $20K. The new Buyer would be wise to consider remodeling the location to a brand new Union 76 “Extra Mile” C-Store!
Important Note – Seller has just spent $75K on the EVR system. Brand New!
Store hour 7 days a week from 6am – 11pm.
Location: San Fernando Valley, CA
Asking Price: $1,699,995.00
Annual Gross: $2,450,000
Annual Net: $240,000
FF&E: $199,000
Inventory: $23,000 [Not Included]
Owner Since: 1985
Employees: 4 FT
Reason for Sale: Retirement
Potential: Already has Convenience Store permit confirmed. New owner can build a brand new C-store to generate more revenue.
Visit website – www.arcoampa4sale.com & www.valero4sale.com
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Asking Price:
USD $1,699,995.00
Our Ref:
Unspecified
Terms of Sale:
Share Capital
Revenue (Income):
USD $2,450,000.00
Net Profit (Cash Flow):
USD $240,000.00
Time Established:
1985
No. of Employees:
4 FT
Expansion Potential:
Potential: Already has Convenience Store permit confirmed. New owner can build a brand new C-store to generate more revenue.
Competition/Market:
Competition: ARCO on the same block.
Trading Hours:
Store hour 7 days a week from 6am – 11pm.
Reason for Sale:
Retirement.
Support & Training:
Seller will provide training & support during Escrow!
Owner Financing:
Yes
Finance Available:
Seller finance maybe available!
Value of Fixtures/Fittings:
USD $199,000.00
Value of Stock/Inventory:
USD $23,000.00
Website:
Property Type:
Leasehold
Lease Terms:
38 years remaining lease.
Leasehold Rent:
60 per month.
Location:
San Fernando Valley, CA
Premises Details:
This gas station is located on a Hard Corner of two busy main roads. Very high visibility and busy traffic!