ZERO Goodwill! High Volume Corporate Store for Sublease in Clarendon, Texas!
Store will be rebranded to Phillips 66 next month!
Inside Sales are over $87,000 per month! Outside sales are over 36,000 gallons per month! Lottery commission is $2,450 per month!
Jobber Contract Terms:
- Fixed commission: 3 cents per gallon.
- Credit card fees: Jobber pays 70% and Buyer pays 30%.
- Jobber contract runs concurrently with the lease.
- Jobber is fully responsible for fuel equipment maintenance.
- Store is currently unbranded and will be rebranded with new Phillips 66 image!
Lease Terms:
- Base Rent is only $6,000 NNN per month!
- Estimated NNN expense (Property Tax, Insurance, and Maintenance) is $1,500 per month.
- The lease offered is triple net (NNN) with a 2% annual increase, structured initially for a 5-year term with three renewal options of 5 years each—totaling up to 20 years available!
- Half rent will be charged upon obtaining the business and tobacco licenses. Full rent will begin once the beer/wine and lottery licenses are obtained.
Located in a growing region of Texas with excellent highway access!
Buyer’s Responsibilities:
- Acquisition Fee: $50,000
- First Month’s Rent: $6,000
- Security Deposit: $20,000
- Inventory at cost: guesstimated to be $80,000
- Goodwill: ZERO GOODWILL
If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com
Details
Property Type:
Business-only
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