Unbranded Gas Station, C-Store & Auto Repair with Real Estate, Brooklyn
Brooklyn, Kings County, NY
Asking price$2,500,000
Photos & detailsExact location provided on inquiry.
About this opportunity
An unbranded gas station with a convenience store and a busy auto repair shop on a high-traffic corner on the border of Brooklyn and Queens. The pumps still carry Conoco signage, but the station is unbranded, so you are free to buy fuel at the most competitive price.
There are two ways to buy. The first is the entire property, including all real estate and structures, pumps and canopy, for $2,500,000 with free and clear marketable title. It can be delivered vacant or with the current tenants. The auto repair shop lease ends by the end of the year (2 to 3 months from September 24, 2026), and the property can be bought with or without that tenant. Market rent for the whole site (station, store and repair shop) is about $17,500 a month, triple net. Real estate taxes are $55,152 a year and have never been grieved. Grievances usually reduce taxes by 15% to 40%; at a 25% to 30% reduction, taxes would be about $39,890 a year.
The second option is a lease of the gas station and c-store (not the auto repair shop, as of now) through the purchase of goodwill for $249,000. It is a 10-year triple-net lease at $6,500 a month, with a refundable security deposit of 1 to 2 months depending on the buyer's credentials. The income and expense figures shown here apply to this lease option.
The tanks are double-walled fiberglass, installed in the 1990s, which typically carry a lifetime warranty (at least 50 years): one 4,000-gallon regular tank and one 4,000-gallon super tank. Mid-grade is blended from the two. There is no diesel.
Highlights
- Entire property for sale with free and clear title
- Unbranded: buy fuel at the most competitive price
- Busy corner on the Brooklyn–Queens border
- Auto repair shop lease ends by year end: buy with or without the tenant
- Lease option: $249,000 goodwill, 10-year triple-net lease
- Double-walled fiberglass tanks, 2 × 4,000 gallons
- Real estate taxes never grieved, so there is room to lower them
Financial details
- Asking price
- $2,500,000
- Lease + goodwill (gas & c-store, no repair shop)
- $249,000
- Real estate
- Included
- Fuel volume
- 30,102 gal/mo
- Fuel brand
- Unbranded
- Inside sales
- $14,762/mo
- Lease
- Lease option: 10 years, triple net
- Market rent (entire site)
- About $17,500/mo, triple net
- Real estate taxes
- $55,152/yr, never grieved (about $39,890/yr with a 25–30% grievance)
- Tanks
- 2 × 4,000 gal double-walled fiberglass (regular & super; mid-grade blended), installed 1990s, no diesel
- Title
- Free and clear marketable title
- Auto repair tenant
- Lease ends by end of 2026; can be delivered vacant or with tenant
- Lease option rent
- $6,500/mo, triple net
- Lease option security deposit
- 1–2 months, refundable (based on buyer's credentials)
- Lease option fuel margin
- $0.35–$0.40/gal over the past 6 months
| Item | Amount |
|---|---|
| Income | |
| GasAbout 30,102 gal/mo at $0.35–$0.40/gal (past 6 months) | $11,288 |
| Convenience storeAbout $14,762/mo average sales (past 6 months) × 35% retained | $5,167 |
| Lotto commission6% of $29,363/mo average lotto sales | $1,762 |
| ATMSelf-owned | $650 |
| Air / vacuum | $275 |
| Car parking rental4 spots at $250 each | $1,000 |
| Total income | $20,142 |
| Expenses | |
| Rent | $6,500 |
| UtilitiesElectric $675 (repair tenant pays 40%), water/sewer $73, garbage $150, internet $100 | $998 |
| Insurance | $550 |
| Payroll | $5,825 |
| Total expenses | $13,873 |
| Net income | $6,269 |
These figures apply to the lease + goodwill option ($249,000, gas station and c-store only).
Figures are provided by the seller and have not been independently verified. Buyers should perform their own due diligence.