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Kirk F MacKenzie
1450 Gas, Mart and Mechanic
$595,000

Attractive, well-maintained, major brand, corner gas station just off a freeway exit in San Mateo County. The location and visibility are very good. The lot measures approx. 19,000 SF, and according to the franchisor might become available for purchase, which would give the operator the first right-of-refusal. The building measures approx. 1800 SF and contains a foodmart, mechanic, storage room, office, and bathroom. Gas sales average 60,000 at $0.24 from 8 fueling positions. The dispensers and tanks are almost new. The very clean & well-maintained foodmart does $36,000 at 40% margin. The 2-bay mechanic is rented for $3,000/mo. An additional $2000/mo. comes from propane sales, ATM, lotto, pay phone, ice, air & water. According to the Seller, the adjusted NOI is approx. $120,000/year. An even greater income would be possible for a buyer that operates the mechanic business.

Disclaimer: This information has been provided by the Seller and is SUBJECT TO UPDATE WITHOUT NOTICE. Broker and agent do not verify information, expressly disclaim any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Any agreement or decision by a buyer to pursue this business should be based on the Buyer's own due diligence, and buyers are encouraged to seek professional assistance as required.
2008-11-21 04:17pm PST