Shutdown Corporate Gas Station for Sublease in Fairlee, Vermont!

Highlights:

• Located in a growing region of Vermont with excellent highway access!
• Median Household income is $43k!

Description:

Store Information:

Store will be rebranded to Phillips 66!

Fuel contract with commission structure and shared credit card fees!

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 to Phillips 66!

Lease Terms:

Rent is only $1,000 NNN per month! Estimated NNN expense (Property Tax, Insurance, and Maintenance) is $1,700 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!
Otherwise, the Buyer may choose to exit after the initial 5-year term.

Buyer Responsibilities:

Acquisition Fee: $30,000

First Month's Rent

Security Deposit of $12,500

Inventory at cost (none because store is shutdown)

Goodwill

Demographic and Geographic Details:

Located in a growing region of Vermont with excellent highway access!

Median Household income is $43k!

Close proximity to restaurants such as Jan’s Fairlee Diner, KRISPY KRUNCHY CHICKEN, Broken Hearts, Samurai Soul Food, Git Um Hooked, Food truck,
Lake Morey Country Club, Lake Morey Resort, Leda's Pizza and Peyton Place Restaurant.

Nearby schools like Becket School, Samuel Morey Elementary School and Rivendell Academy, which serves over 500 students and faculty, is within 5 miles.

Less than 3 hours from Albany, NY! 3 hours from New Haven, CT and Montreal, Canada!

Asking Price for Business-only: $15,000! Buyer will also need to pay an Acquisition Fee of $30,000 and a security deposit of $12,500.

If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com