Quote:
Originally Posted by MRM
Gas stations/convenience stores are a very low margin, high capital and highly labor intensive businesses. In my opinion they do not make nearly the profit to justify the risk of the capital investment and they are even farther from justifying the labor it takes to run the profitably. At the expected profit margins you're a sneeze away from going into the red. I think it's a bad idea.
If you want commercial property you're far better off buying an office building or light commercial/industrial.
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That was my conclusion after looking at gas stations 10 or so years ago.
I ended up buying a commercial property that has a good, long term operating business on it. There's risks with everything, but it works very well. Triple net lease so the tenant takes car of everything, sends me a check every month like clockwork, no complaints.