1220 1st St W, Bradenton

$99,900

0 Beds
0 Baths
3,200 Sqft
.97 Acres
0 Garages

7-Eleven Mobile Gas Station Newly built in 2014 at Prime Location with Extremely High Traffic.

It is 24 Hour operating business with 5 PT, 1 FT and 3 family members.

Total current Monthly Rental payment of $16,358.55 includes $12,724 for Base Rent, $2,069 for CAM, $300 for Equipment, $200 for Network, $39.23 for Bathroom Maintenance and Sales Tax. With Gasoline Commission, Monthly Rebate, ATM Credit, Vacuum Income Credit, Monthly payment to Landlord average about $10,000.

Commission for Gas Sales are $0.05 per gallon for Cash Transaction and $0.10 per gallon for Credit Transaction. Average monthly gasoline sales are 58K - 60K gallons.

The Landlord, APEC, requires New Lease Agreement with new operator, usually 5 Year of Initial Lease with 2 of 5-Year Option to Renew.

Both APEC and 7-Eleven require in-state training for new operator.

Additional Funds needed: $35,000 for 7-Eleven Franchise Fee, $40,000 Deposit to APEC and $25,000 for Inventory.

Essential Information
MLS® #T3116444
Price$99,900
Bathrooms0.00
Square Footage3,200
Acres0.97
Year Built2014
TypeCommercial
Sub-TypeRetail
StatusActive
Price Per Sqft$31
Community Information
Address1220 1st St W
AreaBradenton/Braden River
CityBradenton
CountyManatee County
StateFL
Zip Code34208
Pet Restrictions YNN
Pets Allowed YNN
Interior
CoolingCentral Air
Exterior
ExteriorBlock
Lot Description1/2 Acre to 1 Acre
Additional Information
Days on Market381
ZoningC2
Normal SaleYes
Costs
Taxes$13,749
Tax Year2017

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on July 19th, 2019 at 2:15am EDT.