[turbo6bar]

One thing on my bucket list is owning profitable commercial RE. Yeah, I have a crazy bucket list....

Saw a listing on craigslist for a gas station. Seller was offering to sell outright or lease. It has been some time since I ran the numbers. I believe inside sales are at least 30-50% profit. Gasoline profit is at least 10 cents/gallon. TN lottery is 6.5% commission.

What kind of pitfalls or expenses should I expect?

I know getting reliable, honest employees is important. I expect to expend some energy managing the property and exploring potential income streams. Two stations I reviewed have full kitchens that are not being used.

Also, the lease are triple net. I pay everything then, correct? Seems like a great deal for the owner.

I have a lot of experience with residential rental properties. I realize commercial RE is a bit different flavor. I want to go into this with eyes wide open.

Regards,
Jurgen