790 E New Circle Rd

$635,500, .21 Acres

About This Property

BP Gas Station Property for Sale with a Triple Net Lease! Are you looking to expand your gas station portfolio or geographic region? Do you excel at developing Operators and turning around low performing businesses? The value of convenience is extremely high with consumers in today's market. This BP location could be the local's favorite Go To'' where repeat business and loyalty will build your wealth for generations to come. Asking Price $635,500 Monthly Rent $2500 with rent bump in 2nd Term Possible upside from fuel contract $250/Month $0.00 Insurance Cost $0.00 Property Taxes $0.00 Interior/Exterior Maintenance $0.00 Operating Expenses Cap Rate 5.19% Upgraded 2020 Compliant Chip Readers Four fiberglass underground tanks Corner Lot 9,000 square feet ($70.61 PSF) This is a strategic long term investment. You will need 25% to 30% down, if doing a bank loan, to make the numbers work.

Essential Information

MLS® #1922140
Price$635,500
Bathrooms0.00
Acres0.21
Year Built1958
TypeCommercial
Sub-TypeRetail, Business/Flex
StatusActive

Community Information

Address790 E New Circle Rd
AreaFayette County NE 2
SubdivisionCommercial
CityLexington
CountyFayette
StateKY
Zip Code40505

Amenities

Parking11 - 20 Spaces, Paved

Utilities

Electricity, Water, Telephone, Gas

Interior

# of Stories1
StoriesOne

Exterior

RoofFlat Roof
ConstructionWood, Glass, Aluminum

Additional Information

Date ListedSeptember 18th, 2019
Zoningcommercial

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Listing Provided Courtesy of: Keller Williams Greater Lexington

IDX LogoThe data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than [INSERT BROKER NAME] are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers.Information Deemed Reliable but Not Guaranteed©2019 LBAR Multiple Listing Service. All rights reserved.

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