Owner-User / Value-Add Gas Station Opportunity

Delivered Vacant at Closing – Ready for Immediate Operation

Address available on request with NDA

CALL US FOR ADDITIONAL DETAILS:

BILL MICHAILIDIS 614-332-8762

ANASTASI MICHAILIDIS 786-886-4666

• Sale Price: $1,350,000

• Pro Forma NOI: $89,594.88

• Pro Forma Cap Rate: 6.63%

• Property Type: Fee-Simple Real Estate

• Possession: Delivered vacant; Buyer can operate day one.

Executive Summary

Offered for sale is a fee-simple gas station and retail facility located in one of Toledo’s most established and heavily trafficked commercial corridors. This is a rare opportunity for an owner-operator to acquire a turn-key facility and begin operations immediately upon closing, or for an investor to lease the site at current market rates.

The property is being delivered without a tenant, providing the buyer with total operational control. The sale includes the land, a spacious convenience store, an automatic car wash building, the fuel canopy, and all permanently affixed fixtures and underground storage tanks (USTs).

Property Overview

• Total Building Area: 5,426 SF

  • Convenience Store: 4,644 SF (High-volume potential)

  • Automatic Car Wash: 782 SF

• Site Use: Fuel, Convenience Store & Car Wash

• Construction: Purpose-built retail fuel facility

• USTs: 4 FRP tanks (Gasoline, Diesel, Kerosene – installed 2006)

Investment & Operational Highlights

• "Day One" Readiness: Unlike leased investments, this property allows a buyer to install their own brand and capture 100% of the business enterprise value from the date of closing.

• Value-Add Rental Income: The pro forma NOI accounts for an additional $1,800 per month in rental income from a supplemental tenant or pad-use opportunity on-site, providing a diversified secondary income stream.

• Strategic Infill Location: Situated on Monroe Street, the site benefits from a dense mix of single-family homes, the Graham Commons Apartments, and proximity to Stow–Munroe Falls High School, ensuring a deep, recurring customer base.

• Bonus Depreciation & Tax Advantages: As a fuel-related retail facility, the property qualifies for accelerated (bonus) depreciation. With a cost segregation study, a buyer may be able to front-load depreciation on the building, canopy, and fuel systems, significantly enhancing after-tax cash flow. (Consult with a CPA for specific tax advice).

Valuation Metrics

• Asking Price: $1,350,000

• Price Per SF: ~$249/SF

• Pro Forma NOI: $89,594.88 (Based on market-rate lease-up or equivalent owner-operator yield)

• Target Buyer: Owner-Operator | Value-Add Investor | 1031 Exchange

Key Features

• Fee-Simple Ownership: Full control of land and improvements.

• Turn-Key Infrastructure: Modern FRP USTs (2006) and purpose-built C-Store layout.

• On-Site Car Wash: Additional high-margin revenue stream.

• High Visibility: Located on a primary Toledo commuter artery with heavy daily "rooftop" traffic.

Would you like me to create a separate "Teaser" version of this for a social media post or email subject line?