Shutdown Corporate Store for Sublease in Clarendon
Store will be rebranded to Phillips 66 next month
Inside Sales were over $87,000 per month! Outside sales were over 36,000 gallons per month! Lottery commission was $2,450 per month!
Jobber Contract Terms:
Fixed commission: 3 cents per gallon.
Credit card fees: Jobber pays 70% and Buyer pays 30%.
Jobber contract runs concurrently with the lease.
Jobber is fully responsible for fuel equipment maintenance.
Store is currently unbranded and will be rebranded with new Phillips 66 image!
Lease Terms:
Base Rent is only $3,950 NNN per month!
Estimated NNN expense (Property Tax, Insurance, and Maintenance) is $1,500 per month.
The lease offered is triple net (NNN) with a 2% annual increase, structured initially for a 5-year term with three renewal options of 5 years each—totaling up to 20 years available!
Located in a growing region of Texas with excellent highway access!
Buyer's Responsibilities:
Acquisition Fee: $50,000
First Month's Rent: $3,950
Security Deposit: $20,000
Goodwill: ZERO GOODWILL
Financials (USD)
Asking Price $50,000
Cash Flow Not Disclosed
Sales $1,044,000
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Available On Request
Relocatable? Available On Request
Real Estate? Available On Request
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