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32667388
32667387

28453 Telegraph Rd, Flat Rock, MI 48134

$2,650,000
23 days on market
Updated 23 days ago

CITGO Gas Station - 28453 Telegraph Rd

Details
Property Type Retail
Sub Type Gas Station
Cap Rate 9.81%
NOI $260,000
Tenancy Single
Investment Type Stabilized

Retail | 9.81% CAP

Marketing description

Fully renovated CITGO gas station with property and business included. Environmental passed with double wall tanks and strong corner location. Operates 17 hours daily with an assumed 4% financing option and 12-year jobber contract in place.

Investment highlights

  • Fully renovated building & pumps
  • Environmental passed
  • Double wall tanks
  • Strong corner location
  • 17 hours operation
  • Assumable 4% financing
  • 12 year jobber contract
  • Property & business included

Listing Contacts

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$260,000.00
$21,666.67/mo

Valuation Metrics

0
DSCR
9.81%
Cap Rate
9.81%
ROI

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