BP Gas/C-Store/Repair in SUPER BUSY Loc. next to Manhattan!!
Super HOT Location BP GAS (Business) for sale next to Manhattan and Laguardia Community College!!
Marketing description
NEW BP brand Gas station with convenience store and auto repair shop.
NO REAL ESTATE FOR SALE- ONLY business /lease with 17yrs left. Rent is currently 30k and taxes are 4,374 monthly. It is a Triple net lease so naturally you are responsible for all expenses. Taxes to be further reduced via approved adjustment.
Address is 32-28 Queens Blvd
Long Island City NY
or alternate address:
32-32 Queens blvd Long Island City NY
Hottest and busiest location right before midtown tunnel into Manhattan and the first gas station from the Queensborough (59th street) bridge to and from manhattan. corner of Van Dam Street and Queens Blvd.
Aside from being right next to the 59th street bridge (Queensborough Bridge) going into Manhattan NY, it is also literally right next door to Laguardia Community College as well as around the block from two different high schools and the main TLC office for NYC. It is also right across from the subway train station as first or last stop of Queens before Manhattan. The foot traffic as well as the car traffic is ABSOLUTELY INSANE and UNREAL!!
Station has multiple MPDs w canopy, a full service convenience store, an auto repair shop which is currently paying $12,500 a month as a sub-lease with 25%-50% of certain expenses including insurance and Real estate tax! (sub tenant has only 2 years left on initial 5 yr lease and is already asking for a renewal !) There is also a self car wash on the lot along with air pump and vacuum. Additionally, there is ample space for a food truck which would most certainly add significantly to profits whether self operated or as a lease/rental of the spot. The store which although is on the smaller side, has room for increased size and is currently doing close to 70k a month in gross sales with a 40% retention rate based on purchase invoices presented. This does not include lotto at all because lotto JUST came in and is not even on the floor as of yet and as for the beer it’s only been a few months since its arrival so naturally sales are expected to easily break 100k a month minimum in the next few
months as it does take time when these items just come in. The air pump-vacuum and self car wash is ALL responsibility of landlord to maintain/upkeep/repairs etc BUT you get 50% of all profits from these! You only pay water and electric for the self car wash!
The gas volume is a matter of choice and how you want to run the station as it is NOT the less desirable commissioned structure where you barely make anything. You get the gas from BP at wholesale dealer price and sell for as low or as high as you’d like. Complete Freedom. The station has done anywhere from approx 150k gallons a month at more competitive margins to its current 80k a month at .25 cents a gallon on regular and .50 cents and up avg a gallon on higher grade. The choice is yours on how you want to run the station and on your focus!
And as always- BROKERS are welcomed!!
Ask for khaleeque (text first if possible)
917-855-0187
Investment highlights
1) Ridiculously BUSY and crazy location where you sit on Queens blvd and Van Dam St intersection with Skillman Ave looking at the 59th Street bridge ramp going/coming from the greatest city in the world Manhattan!!
2) Since there are almost no gas stations left in Manhattan due to condo development and high gas prices in city due to high rent, this station which is RIGHT outside of Manhattan is PRIME for fueling!
3) Cigarettes to be acquired soon by November lottery - Will catapult sales/traffic even more if that is possible!
4) Laguardia community College literally right next door to this station. If you convert just one of the auto repair shop bays into with C-store, you can make a killing by offering a larger C-store or grab and go franchise food offering where all the students from Laguardia, plus the aviation school and two other high schools that sit behind this station will patron. The TLC office is also down the block! (Please note that 7-11 which was across from this on Queens Blvd closed down not too long ago due to not having any parking lot or even any space to STOP on this busy Queens Blvd intersection. Their loss is YOUR gain especially when you DO have the parking issue/Stopping resolved!!
5) The citgo down a little bit will be going out of business due to Condo high rise development within the next 5 years and this is why those tenants were only offered another 5 years as lease extension because it takes that much time to get permits and permission for such a project anyways! This is a matter of close to 200k gallons a month which the majority of would go to this station!!
6) PERFECT location for food truck business. Absolutely crazy foot traffic. Train Station is DIRECTLY across from this BP Gas station which is last stop in Queens before NYC or first stop into Queens from NYC!!
SO MUCH INCREASING POTENTIAL THAT IT IS DIFFICULT TO MENTION IT ALL!!!!
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