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34329751
34329750

10005 Hartland RD, Fenton, MI 48430 For Sale

AB
MI 6501466381
$2,150,000
8 days on market
Updated 6 days ago

Mobil Gas Station

Details
Property Type Retail
Sub Type Restaurant, Gas Station (+1)
Square Footage 2,800
Pumps 2
NOI $357,561
Tenancy Vacant
Acreage 1.510
Investment Type Owner/User

Retail | 2,800 SqFt

Marketing description

WARNING: ALL BUYERS, DO NOT SPEAK TO THE EMPLOYEES AT THE LOCATION. IF THE EXCLUSIVE BROKER, GARY BEYDOUN, FINDS OUT THAT YOU SPOKE TO ANY EMPLOYEES, YOU WILL BE DISQUALIFIED.

Exclusive rare opportunity! Mobil-branded gas station with convenience store located in Fenton, Livingston County. Major intersection with no competition, just 2.2 miles to U.S. 23 Highway and 3.5 miles to Downtown Fenton. Revenue streams include fuel sales, in-store retail, ATM, Lotto, Food, Liquor, Beer, and Wine. The property features a newly renovated building with 2 MPD (multi-product dispenser) pumps and Mobil-branded fuel supply. Tanks are environmentally sound with all testing showing good results. The business operates under a 9.5 year jobber contract with McPherson Oil.

Investment highlights

  • Mobil-branded gas station with convenience store
  • Exclusive Corner, No Competition! – 2.2 miles to U.S. 23 Hwy – 3.5 Miles to Downtown Fenton
  • Revenue Streams: Fuel sales, In-store retail, ATM, Lotto, Food, Liquor, Beer, & Wine
  • 2 MPD (multi-product dispenser) pumps
  • Mobil-branded fuel supply
  • 2 Underground Tanks
  • Tank 1. 10,000 Gasoline Double Walled Fiberglass installed 7/01/1991
  • Tank 2. 10,000 Gasoline Double Walled Fiberglass installed 7/01/1991
  • Tanks environmentally sound, all testing has good results
  • ATM, Lotto, Liquor, Food, Beer, & Wine on site
  • Newly Renovated Building & Pumps
  • 9.5 Year Jobber Contract (McPherson Oil)

Listing Contacts

AB
MI 6501466381

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$357,561.00
$29,796.75/mo

Valuation Metrics

0
DSCR
16.63%
Cap Rate
16.63%
ROI

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Additional Information

Name
Adam Baydoun
License
6501466381
Brokerage
Empire Reality
Brokerage Phone
(248) 941-4454
Title
Empire Reality
Brokerage Address
Ford Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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