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Home » Blog » 7 Eleven With Attached Citgo Gas Station – Case Study

7 Eleven With Attached Citgo Gas Station – Case Study

sold real estate property 7 eleven

Commercial properties are a hot market, and getting in a deal can be scary. This is why the team here at Westwood takes extra care with buyers and sellers alike.

We’ve moved hundreds of properties and in every single one of them, both the buyer and the seller are extremely happy with the deal.

Here’s an in-depth view of how one commercial property in St. Louis area changed owners.

You can see how the entire process looks like, from initial contact to gathering all details, documents, and how the deal was sealed.

This case study will show you how Westwood Net Lease Advisors helped a client buy a commercial real estate property in use by 7- eleven and Citgo gas station.

Process

A client has contacted Westwood Net Lease Advisors using the online free consultation form on our website. He requested information about buying a real estate property in Saint Louis County area, preferably with an active lease with long-term tenants.

Our real estate broker Jeff Gitt was working with the client and presented several very interesting locations to choose from. The client was mostly interested in one location as it was in use by 7-Eleven and Citgo Gas. Both tenants were on that location for over 12 years, which was very interesting for the buyer.

Several other features made this specific real estate property very interesting for the buyer:

  • Nearby buildings – Two shopping centers; McDonald’s and a large bank (and many apartment complexes)
  • Lease term – 4 years
  • Lease type – NNN lease
  • Lease commenced – 2004
  • Building size(SF) – 2200
  • General condition and demographics – Excellent
  • Estimated value – $ 1,8 50,000
  • Net Operating Income – $ 120,000

Jeff spoke to the client several times and worked out a time to meet face to face to go over the details that would make the offer even better for the buyer.

Since the seller was interested in selling the property faster Jeff was able to close the gap between the asking price and the buyer’s budget.

The deal was sealed at $1.6M, and both the seller and the buyer were pleased with the price.

This case study serves only as an example of how Westwood Net Lease Advisors can help you find a great buying deal very fast.

If you’re on the market, looking for a great commercial property, don’t hesitate to contact us. We are always here to answer any of your questions.

No matter what your financial situation is, if you want to scale up or scale down, we can help you close a great deal on any type of property.

As a buyer of a property, don’t forget that Westwood services are completely free to you. We get paid by the seller, not the buyer. Our job is to make sure that both parties are happy with the deal, and we’ve been doing this for decades.

Whatever your real estate property needs are, we can help. Westwood has one of the largest databases of off-market properties that are not publicized on any of the websites nation-wide. We work directly with you and the seller to make sure you get the best possible deal.

So don’t hesitate to contact us. One of our veteran brokers or agents will make sure you find the best possible property that fits your budget and your needs.

 

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Tags: commercial real estate, commercial real estate advisor, Commercial Real Estate Broker, commercial real estate buyers, real estate, Westwood Net Lease Advisors