Long Beach, CA (PRWEB) September 26, 2007
Justin Paperny announces new commercial listing in Long Beach, CA located at 200 West Willow Street. http://www.ArcoAMPMonWillow.com is listed for sale between $3.2 million and $3.7 million. Included in the sales price are the Arco Gas Station, AM/PM store, inventory and Real Property.
http://www.ArcoAMPMonWillow.com is located directly across the street from Walgreen's, Albertsons and 7/11. The property is just blocks from Long Beach Blvd. and the 405 and 710 Freeways. The Arco station has averaged approximately 260,000 gallons a month over the last twelve months and the AM/PM store has averaged approximately $90,000 in sales a month during this same time. These numbers continue to trend higher as the gas station gains strength in the community. As an example, the station sold 282,000 gallons in August and had AM/PM sales of $94,000. June produced AM/PM sales of $99,000 and July had sales just over $108,000. The AM/PM sells beer, wine, tobacco and features the California State Lottery.
Estate agent, Justin Paperny believes http://www.ArcoAMPMonWillow.com is an attractive asset because it "suits so many different types of investors" due to the aggressive listing price, busy corner lot location, high gas volume and huge AM/PM store sales. Both investors who are looking to purchase an existing and highly profitable business as well as current Arco owners/dealers who are looking to add another gas station to their commercial portfolio have shown interest.
This Arco AM/PM was built in 2006 and features an actual cap rate of 11.43%, based on current income and expenses. Interested buyers or brokers can contact Justin Paperny at 818-424-2220 so he can better explain the income and expenses that were used in publishing this unusually high cap rate. In addition, all income and expenses, and the latest twelve months sales history have been published on the property website.
There are several other factors that make this Arco AM/PM so attractive. For starters, the station has been completely upgraded and retrofitted. In November of 2003 three USTs (Underground storage tanks) were removed under the oversight of the LBFD (Long Beach Fire Department) along with all fuel delivery piping and dispensers. Shortly after two brand new 15,000 USTs were installed. The Phase 1/Environmental site assessment was completed in February of 2005. This report covers,(amongst many other items) the location and description, adjacent properties, potable water, sewage disposal and septic systems, historical land use, physical setting including site Topography and Geology, site location map and site plan, historical land use, photographic documentation, recommendations, and the qualifications statement of the environmental professional.
Since 1984 Arco has been the largest gasoline marketer in the West and is currently the leader in offering cleaner-burning fuels. Anyone looking to learn more about this investment should contact Justin Paperny at 818-424-2220 or visit the property website at http://www.ArcoAMPMonWillow.com