Buy a UNION 76 GAS STATION WITH $60 NNN MONTHLY RENT! in California, United States business opportunity for USD $1,699,995.00. Buy a business

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UNION 76 GAS STATION WITH $60 NNN MONTHLY RENT! Business For Sale
USD $1,699,995.00
Listing ID: 2922 | Our Ref: Unspecified | Agent: 134
Business & Financial Summary
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! 
Business Assets
Value of Fixtures/Fittings:
USD $199,000.00 
Value of Stock/Inventory:
USD $23,000.00 
Website:
Real Estate Info
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!  
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Buy a UNION 76 GAS STATION WITH $60 NNN MONTHLY RENT! business for sale
Buy a UNION 76 GAS STATION WITH $60 NNN MONTHLY RENT! business for sale
Buy a UNION 76 GAS STATION WITH $60 NNN MONTHLY RENT! business for sale
Buy a UNION 76 GAS STATION WITH $60 NNN MONTHLY RENT! business for sale

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