TITLE:
NNN Mailbox Money Gas Station
CONTROL:
Buyers Broker
VALUE:
$850,000
LOAN:
$425,000
EQUITY:
$425,000
TYPE:
Retail/Commercial
HAVE:
Gas Station with tenant operator >7 cap in Rockford, IL. Tenant vested having paid $150k for the business and pays ALL expenses. Collect a check.
ADDRESS:
3307 Charles St, Rockford, Illinois
BENEFITS TO NEW OWNER:
Leased NNN >7 Cap
Branded Gas Station
High Traffic Location
Solid Brick & Cinderblock Building
Spacious Lot
Modern Fuel Pumps
Convenience Store
Restroom Facilities
Excellent Accessibility
Growth Potential
Clean Environmental Report
Assumable Loan
GROSS SCHEDULED INCOME:
$61,200 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$61,200
EXPENSES:
$0
NOI:
$61,200
DEBT SERVICE:
$55,000
CASH FLOW:
$6,200
CAP RATE:
7.20%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$425,000
$0
11%
04/04/2043
Yes
BENEFITS SOUGHT:
Seeking another gas station in NJ or Pennsylvania
REMARKS:
Interested in 1031 exchange east coast preferably NJ or Pennsylvania.
Lease 10 years with 50% rent increase in beginning year 5.
Loan is prime + 2.75
COUNSELOR:
Theresa Mueller
Trelleum Real Estate
132 N Washington
Naperville, Illinois, 60540
Cell: 630-715-9999
Email info@theresamueller.com
