262 Oakland Street

Manchester, Connecticut 06042

Status
For Rent
Square Feet
836
Beds
Price
$6,000
Type
Commercial For Lease
Garages
Baths
0
MLS
24022247

Price

$6,000

Agent

Islam Ahmad
(203) 805-9007

Schedule A Showing

Interior Details

Interior Size
836 Sq Ft
Bedrooms
Bathrooms
0
Rooms Total
Garage

Exterior Details

Lot Size
0.57 Acres
Roof
Asphalt Shingle,Flat
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Central Air

Other Information

Property Tax
$0
Assessed Value
$0
Elementary School
NULL
Middle School
NULL
High School
NULL

About Property

Mobil-branded gas station and convenience store. This gas station has a total of 8 fueling dispensers, including diesel and kerosene. New tanks were installed in 2020, dispensers and canopy were installed in 2021. Lease amount is $6,000.00 per month for year one. Five-year initial lease term that includes escalation terms, option to renew lease and an option to purchase the property. The tenant will operate the Mobil gas station and convenience store for duration of lease for a key money amount of $200,000.00 (plus inventory). The fuel supply agreement is set at rack price plus $0.005 per gallon. The tenant will earn full profits from fuel sales and all convenience store profits. NNN Lease, the lease option does not include an additional four-bay detached structure or the 836 sq ft basement. The current owner operates on a high fuel margin. The business is currently run by an absentee owner, and the gas station and convenience store do not offer EBT or have fueling house accounts.There is potential for increased sales with the right management. The location is in close proximity to shopping centers, restaurants, and I-84. Property Listing:MLS ID 24022242 **Agents:** Buyers must have an NDA filed with the listing agent before the address can be disclosed.

Schedule Showing