Updated Gas/Convenience in NK

Retail-Commercial for Sale
Catylist Listing ID: 30035294
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Vehicle Related
Building Size (RSF): 1,600 SF
Gross Land Area: 52,400 SF
Sale Price: $799,000
Unit Price: $499.38 PSF
Property Use Type: Vacant/Owner-User
Building Name: CITGO GAS & CONVENIENCE
Usable Size (USF): 1,600 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

Fully operational turnkey gas station/convenience store. This is a fully modernized facility with high volume. Bright new convenience store, new canopy, LED lighting and more. Double wall fiberglass tanks. Sale includes real estate and all equipment. Inventory separate.
NOTE* Store sales and gas volume information will only be provided to prospective buyers that have shown proof of purchase funds and have submitted signed confidentiality agreement.

Well located on Route 1 (Post Road) across from RI State Police Barracks and at the entrance to Historic Wickford Village.

Highlights:
•HIGH VISIBILITY
•PROMINENT LOCATION AT THE ENTRANCE TO WICKFORD
•EASY IN AND OUT ACCESS
•VERY ATTRACTIVE GAS CONTRACT IN PLACE
•HIGH TRAFFIC COUNT
•NUMBERS PROVIDED TO BUYERS THAT CAN PROVIDE QUALIFICATIONS

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $7,836 (Annual)
Tax Value Land $229,000
Tax Value Improvements $204,900
Assessed Value - Total($) $433,900 (Annual)

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Taxing Authority: Town of North Kingstown
Tax ID/APN: 139/007
Zoning: PR
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,600 SF
Property Condition: Excellent
Year Built: 1957
Year Renovated: 2015
Roof Type: Flat
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,094 21,521 38,359
Median Age: 47.77 44.17 45.27
Households: 1,437 8,647 15,092

Contact

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