Listing # 20018 – Gas Station Property (Sold January 18, 2023)

Gas Station Property for Sale w/ Repair Shop & Hand Car Wash

Property Information

Listing No.

20018 – Gas Station Property (Sold January 18, 2023)

Price

$2,000,000

Location

Richmond, NY

Property Size

±21,210 Sq. Ft. (.48 Acres)

Zoning

R3X

Real Estate Taxes

±$32,329 per year (as of Property Shark)

Tanks

(4) 4,000 gallon DWF tanks (1998), 8k Regular, 4k Super & 4k Diesel

Triple Net Lease (NNN)

Highlights

  • Tenant: Getty Properties Corp.
  • Facility: 2 Bay Repair Shop, Snack Shop, Hand Car Wash, Diesel, Canopy, Self-Serve, and 4 gasoline & 2 diesel fueling positions
  • Current Rent: $84,239.52 (as of April 1st, 2022)
  • Lease Type: Absolute NNN (zero landlord responsibilities)
  • Lease Expiration: March 31, 2026
  • Increases: The greater of “CPI” or 2% per annum
  • Options: None
  • Block & Lot: 03552-0039
  • Zoning: R3X
  • Lot Size: ±21,210 Sq. Ft. (.48 Acres)
  • Type: Fee
  • Underground Storage Tanks (UST): (4) 4,000 gallon DWF tanks (1998), 8k Regular, 4k Super & 4k Diesel
  • RE Taxes: ±$32,329 per year (as of Property Shark)

BBRE (Bill Blau Real Estate) has been retained on an exclusive basis to arrange for the sale of the property located at 1820 Richmond Road, Staten Island, NY 10306, a corner Exxon gas station, repair shop, snack shop and hand car wash on a prime well-traveled road at an intersection situated at the corner of Richmond Road and Stobe Avenue in Dongan Hills, Staten Island.

Current Tenant: Getty Realty Corp. (NYSE: GTY) is a leading publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience stores, automotive and other single tenant retail real estate. As of September 20, 2021, their portfolio includes 1,021 properties located in 36 states.

Can operate this station in approximately in 4 years (lease expires April 1st, 2026)

Interested in this Property


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Disclaimer


Please tour discretely as a customer, as all employees do not know station is for sale. Do not attempt to discuss this listing with the owner or any employees without prior approval from us. Seller requires financial statement with offer. All information has been provided by the seller and needs to be re-verified by the buyer. Bill Blau Real Estate & Bill Blau Business Broker, Inc. makes no representation to its accuracy and does not certify or make any warranties of any of the information provided and have not verified any information. It is strongly advise that you and/or your accountant review all information and do all due diligence before the closing. Information is subject to change without notice.