Tupelo Data Room
Gas Stations, Convenience Stores
Active

Investment Opportunity (Value-Add On) Market Place (Big Lake MN)

Minnesota, United States
Asking Price$1.30m
Revenue-
EBITDA-
Cash Flow-
Description
Investment Opportunity (Value-Add On) Market Place (Big Lake MN) Built for over $4.5M. Sale price $1.3M! Present cap rate 6.6. Proforma Cap rate 8.3 3 Unit Retail - Real Estate + Gas Station, Convenience Store, Car Wash Business For Sale. Absentee Owner is motivated. $1.3M for everything including equipment and buildout. Very competitive pricing with a motivated Seller. Over $4.5MM invested in the land and real estate. Built in 2007 with excellent value-add opportunity. 3 unit retail building consists of: 5,327 SF Gas Station/Convenience Store (leased at $4500/mo NNN), 2,635 SF Restaurant leased to an Asian Fusion Restaurant (leased for $2700 NNN and a vacant retail storefront available for lease or for one or two others businesses (laundromat, smoke shop, etc.) 2,376 SF. Total building: 10,338 SF + 2,190 SF 2 Bay Car Wash = 12,528 Total SF. Yearly estimated Lease is ($21,600 NNN). Remodeled recently with over $400k invested in new pumps, building, signage, and new Minnoco flag (previously Mobil). New owner can utilize any gas/oil company they prefer. Do not disturb business – all tours through listing broker. Contact broker for financials and additional information. Developed By: RJ Ryan Construction, ENL, Inc., James R. Hill, Inc., Lampert Architects, EXXON Mobil, YUM Brands, Croix Oil, Specialty Equipment, Pump & Meter. NEW DEVELOPMENT: Newly residential homes are being developed adjacent to the property. FACILITY: Corner Lot, Freeway Visibility, Pylon Sign, Restaurant, Security System, Signage, Drive Thru, Air Conditioning. Storefront Retail/Office - 12,528 SF Year Built 2007 2.24 Acres Zoning Parking Opportunity Zone B-3 Parking 81 Spaces (6.47 Spaces per 1,000 SF Leased) Frontage 254 FT on US-Highway 10 If interested contact Jim Evavold with Opportunities In Business @952-994-6435.
Facilities & Assets
Corner Lot, Freeway Visibility, Pylon Sign, Restaurant, Security System, Signage, Drive Thru, Air Conditioning. Storefront Retail/Office - 12,528 SF Year Built 2007 2.24 Acres Zoning Parking Opportunity Zone B-3 Parking 81 Spaces (6.47 Spaces per 1,000 SF Leased) Frontage 254 FT on US-Highway 10 All walk-in coolers, restaurant hood system, pumps, tanks, carwash equipment, miscellaneous shelving, signage, etc.
Asking Price$1.30m