OWNER FINANCING –- GAS STATION WITH PROPERTY

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30521130
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Vehicle Related
Status: Pending
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $225,000
Unit Price: $75 PSF
Property Use Type: Business
Building Name: SHELL STATION
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2021

Overview / Comments

OWNER FINANCING WITH THE FOLLOWING TERMS AND CONDITIONS:
1) PRICE : $225,000 DOLLARS –– FIXED
2) DOWN PAYMENT : $125,000 DOLLARS
3) BALANCE $100,000 DOLLARS TO BE FINANCED
–– 5 YRS / 5% INTEREST/PAID IN FULL IN 5 YRS
Currently , no gas contract in place. New concept to Food & Liquor Store.
Great upside sales potential after the " Conversion to the New Concept"
The conversion will include 1) Convenience store cater to basic everyday items especially cater to Link customers 2) Travel merchandise categories
3) Lunch Store 4) Special coffee station AND 5) Full line Liquor Store
Airport business has increased since last year and it is continuing to grow. Currently, Inside Sales around $25,000 to $30,000 dollars/month
with 30% margin Outside sales 25,000 to 30,000 gallons /month with 15 cents margin and Lottery Sales $15,000 dollars /Liquor Sales $5,000 dollars
with 22% margin and ATM income. Link card accepted.
Everything in place just ready to be taken control by a " new owner operator" with strong future. Currently, operated on absentee ownership .
Long term land lease from the Rockford Airport Authority. Ask for details.
Inventory sold separately.
MOTIVATED SELLER!!!!!

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: ROCKFORD
Tax ID/APN: 1514151004
Zoning: 1-2
Retail Clientele: General, Business
Property Located Between: CHICAGO/ROCKFORD AIRPORT AND AIRPORT DR
Largest Nearby Street: ILLINOIS ROUTE 2
Highway Access: ROUTE 20
Airports: CHICAGO -ROCKFORD AIRPORT
Site Description: 53 Airport Dr Rockford, IL 61109;
Area Description: 53 Airport Dr Rockford, IL 61109;
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1985
Roof Type: Flat
Construction/Siding: Stucco
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: IN FRONT OF THE STORE
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Satellite
Water Service: Well
Sewer Type: Septic
Land Ownership: LEASED
Legal Description: LEASE I-27 PT SW1/4 NW1/4 SEC SEC: 14 TWP: 43 RANGE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,659 29,863 99,774
Median Age: 43.59 36.99 35.2
Households: 703 11,389 39,006
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