Northeast NNN Gas Station Portfolio For Sale
Portfolio of 12 Gas Stations and a Gas wholesale business.
Several of them have convenience stores on the property as well.
All are under Absolute Triple Net (NNN) Leases.
$131K in Annual Net Operating Income (NOI).
Perfect coupon clipper!
All leases are annual leases (inquire to confirm increases built into the leases, if any).
Seller selling because seller wants to retire.
All stations are currently rented (the seller does not operate them).
Buyer can continue the leases, or, the Seller can terminate all leases – each lease has a 90 day termination clause in favor of the seller, so the buyer could terminate all leases and operate all stations or continue leasing them.
There are multiple gas providers, most are major brands but a few are self branded.
The seller is willing to hold some seller financing, however, the seller has issues with being in 2nd position.
The price is firm, and the seller will only sell on their initial terms: if a buyer is interested, the seller requires $1 million held in escrow before they release any due diligence information so to ensure to the seller that the buyer is legitimate.
This is a Confidential, Deliverable Off-Market Offering. They are all located in one major Northeastern MSA City area. The State shown is representative only. Located in one of the following Northeastern States: Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Washington D.C.
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.