Shutdown Corporate Gas Station for Sublease in Ludlow, Vermont! Store will be Rebranded!

$15,000

Store will be rebranded to Phillips 66!

Building is 1,870 sq ft! 

Fuel contract with commission structure and shared credit card fees!

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 to Phillips 66! 

Lease Terms: 

  • Rent is only $1,000 NNN per month! Estimated NNN expense (Property Tax, Insurance, and Maintenance) is $1,700 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! Otherwise, the Buyer may choose to exit after the initial 5-year term.

Demographic and Geographic Details:

Located in a growing region of Vermont with excellent highway access!

Median Household income is $59k!

Close proximity to restaurants such as DJ’s Restaurant, Johnny’s Kitchen, Homestyle Hotel | Restaurant, Willie Dunne’s, The Hatchery, The Downtown Grocery, Mojo Cafe, Goodman’s American Pie, The Cookster, and Tacos Tacos.

Schools nearby include Okemo Mountain School and Ludlow Elementary School!

Less than 2 hours from Albany, NY! Less than 3 hours from Boston, MA! 

Buyer Responsibilities:

  • Acquisition Fee: $30,000.
  • First Month’s Rent
  • Security Deposit of $12,500.
  • Inventory at cost (none because store is shutdown) 
  • Goodwill

Asking Price for Business-only: $15,000! Buyer will also need to pay an Acquisition Fee of $30,000 and a security deposit of $12,500.

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

Price : $15,000
Property Type : Business-only
Purpose : Rent
Status : Available
Area : 1870 Sq Ft
Address : Ludlow, VT
State : VT
City : Ludlow
Country : USA

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