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Real Living Gateway Realtors
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1-877-442-8399
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Real Living Gateway Realtors
1-877-442-8399

ROUTE 15 NORTH SHELL, Lake Hopatcong NJ, 07849

(Active)
$3,000,000
|
|
MLS# 55561
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Listing Provided Courtesy Of: Real Living Gateway Realtors
Last Updated: 8/27/2014 3:14 PM
Description for ROUTE 15 NORTH SHELL Lake Hopatcong, NJ 07849
For sale, business & property: gas, diesel & propane fueling station + car wash with income from Dunkin' Donuts/Convenience store. Open 5AM to 11PM, 7 days. Pumping app. 125,000 gallons/month gas & diesel at .15/gallon average pool profit margin (app. $20,000/month, gross profit). Averaging currently $12,000/month, gross profit, in car washes (1,200/month @ $10, average ticket). Grossing app. $1,000/month (year ‘round average) in propane sales. Collecting $3,000/month rental income from Dunkin' Donuts/C-store franchise operator. Station with 2 fueling islands, 4 MPDs (Wayne Ovation II), kiosk, canopy and 33,000 gallons underground storage in 1 x 15k, 1 x 8k and 1 x 10k (diesel) tanks. Store of app. 1,000 square feet and fully automated car wash with stacking capability for 8 cars. App. 1 acre property with ample parking and outside coin-operated vacuum stations. Property was re-developed in 2007 with new islands, tanks, pumps, store etc. Top-of-the-line improvements, in full compliance with highest EPA standards. Car wash was added in 2010 and has only been fully operational since the fall of that year. Contract agreement with Shell Oil direct to supply gasoline & diesel at a tank-wagon cost of one penny over rack price + delivery charges. Originally a 10 year agreement, there are only approximately 6 years remaining. Lease agreement with Dunkin' Donuts/C-store operator is for 20 years. First 5 years are at $3,000/month + 1/3 property taxes (currently at $20,000, total annual) and tenant's utilities & insurances. Tenant has been there now 2 years and will incur 3% annual rental increases every year after year 6 on his lease. Traffic count on Route 15 North averages 21,000 vehicles/day. With proximity of Lake Hopatcong, station is extremely busy in spring & summer. Only 6 months in operation (nearest competitor is 10 miles away), the car wash is projected, by year's end to average $20,000/month gross profit. Owner asking $3,000,000, business, equipment & property. Possible financing; up to 50% of purchase price.
Price
$3,000,000
55561
Active
Description
For sale, business & property: gas, diesel & propane fueling station + car wash with income from Dunkin' Donuts/Convenience store. Open 5AM to 11PM, 7 days. Pumping app. 125,000 gallons/month gas & diesel at .15/gallon average pool profit margin (app. $20,000/month, gross profit). Averaging currently $12,000/month, gross profit, in car washes (1,200/month @ $10, average ticket). Grossing app. $1,000/month (year ‘round average) in propane sales. Collecting $3,000/month rental income from Dunkin' Donuts/C-store franchise operator. Station with 2 fueling islands, 4 MPDs (Wayne Ovation II), kiosk, canopy and 33,000 gallons underground storage in 1 x 15k, 1 x 8k and 1 x 10k (diesel) tanks. Store of app. 1,000 square feet and fully automated car wash with stacking capability for 8 cars. App. 1 acre property with ample parking and outside coin-operated vacuum stations. Property was re-developed in 2007 with new islands, tanks, pumps, store etc. Top-of-the-line improvements, in full compliance with highest EPA standards. Car wash was added in 2010 and has only been fully operational since the fall of that year. Contract agreement with Shell Oil direct to supply gasoline & diesel at a tank-wagon cost of one penny over rack price + delivery charges. Originally a 10 year agreement, there are only approximately 6 years remaining. Lease agreement with Dunkin' Donuts/C-store operator is for 20 years. First 5 years are at $3,000/month + 1/3 property taxes (currently at $20,000, total annual) and tenant's utilities & insurances. Tenant has been there now 2 years and will incur 3% annual rental increases every year after year 6 on his lease. Traffic count on Route 15 North averages 21,000 vehicles/day. With proximity of Lake Hopatcong, station is extremely busy in spring & summer. Only 6 months in operation (nearest competitor is 10 miles away), the car wash is projected, by year's end to average $20,000/month gross profit. Owner asking $3,000,000, business, equipment & property. Possible financing; up to 50% of purchase price.
Listing Information
Property Type: Business Opportunities
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Listing Price History

Lake Hopatcong Real Estate

Lake Hopatcong is located in New Jersey. Lake Hopatcong, New Jersey 07849 has a population of  8,926.

The median household income in Lake Hopatcong, New Jersey 07849 is $88,438. The median household income for the surrounding county is $97,979 compared to the national median of $53,046. The median age of people living in Lake Hopatcong 07849 is 39.4 years.

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Listing Provided Courtesy Of: Real Living Gateway Realtors
Information is deemed reliable but is not guaranteed.

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