Most of you don't even give these locations a second thought. You pull into the "gas station" (the Gas Pump) pay for the gas you need and begin refueling.
Now, sometimes, these location also have other shops and stores that line up along with the convenience store.
Sometimes, these convenience stores are stand alone properties -- notably a 7-Eleven, or an ARCO. You get the drift.
Most, however, will have other stores lined up along side the Convenience store.
Then, again, they might just NOT have the convenience store anchor. Which is okay, too!
Now, last week, I noticed a marketing brochure in my Inbox from another broker asking for help to find a buyer for a 'Strip Center' he has listed.
Anyway, I have a client looking for such a property and forward the information to them.
What got me thinking is this property -- though leased up only +/-75% would be a good buy for someone looking for a passive income. (Even with the less than stellar occupancy, this property still nets $204,000 per year.)
So, I decided to send it out to other investors to see if they would have any interest.
To my surprise, there is interest.
Which got me thinking: If these investors find this property of interest, why not you?
True, it is NOT sexy. It's NOT a casino; or a Resort. It's not something to brag about.
But, it is INCOME.
And, the last time I checked, everyone needs income -- no matter what your tax bracket is.
So,...if interested in acquiring a property that provides income,,,