Fully Leased Gas Station Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30568036
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 1,804 SF
Gross Building Area: 2,665 SF
Gross Land Area: 0.50 Acres
Sale Price: $795,000
Unit Price: $440.69 PSF
Property Use Type: Investment
Building Name: BP Gas & Convenience
Usable Size (USF): 1,804 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/19/2020

Overview / Comments

Fully leased BP Gas Station at signalized intersection on Smithfield Avenue. Long term lease in place (lease attached). $90,000 annual revenue. Tenant pays all expenses except property taxes. Tenant pays all property tax increases above base. One 8,000 gallon and two 6,000 gallon double wall fiberglass tanks. The property consists of 2 lots totaling .50 acres.
Total assessed value for both properties is $622,400. Property taxes $22,842.

Please note: This is a real estate sale only. The business is privately owned. Sale does not include any inventory or store contents.

IMPORTANT**
DO NOT SPEAK TO ANY EMPLOYEES/WORKERS ABOUT THIS PROPERTY. ALL VISITS TO THE PROPERTY MUST BE ACCOMPANIED BY LISTING BROKER. NO EXCEPTIONS.

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Taxing Authority: City of Providence
Tax ID/APN: PR 077-0821 & 799
Zoning: C4
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Rt. 95
Traffic/Vehicle Count: 26,000
Highway Access: Direct
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,804 SF
Property Condition: Excellent
Year Built: 1960
Year Renovated: 2018
Roof Type: Flat
Total Parking Spaces: 40
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 108'
Lot Depth: 112'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,070 242,313 417,648
Median Age: 33.93 34.26 35.63
Households: 12,288 94,269 160,308

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