Description of the business for sale
LEASED COMMERCIAL IN UNIQUE LOCATION Location, location, location. Property for sale. Prime close-in Portland, Oregon hi-style newer gas station and C-store in heart of choice SW residential miles from any other gas stations. High traffic count on corner of two main arterials that feed to freeway and downtown. The gas station operation reverts to the owner of the real estate in eight years at which time the business can be resold (the business sold 2 years ago for $600k) or the owner can operate the business which historically had approx. $200k per year cash flow. Very low risk due to location. The operator makes triple the margin compared to other citywide gas stations. Triple net income $192,660, 6% cap rate asking price of $3,211,000.