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At the 3 way intersection of Lake Beulah, Main Street, and Sloan Avenue North, and just behind the newly renovated RP Funding Center. This property has a great deal of unrealized potential, for with a new operator and a little TLC would go a very long way here. There are two fuel tanks on-site, one is a 6,000-gallon metal and fiberglass doublewalled tank for premium, which was installed in January of 2007, and the second tank is a 10,000-gallon tank, for unleaded regular. This tank was installed by the previous owner in 1996 / 1997. Also, the property is operating without a gasoline contract in place, with Harbor Petroleum supplying the fuel. The current month-to-month tenant is not required under his lease to provide any back-up to any of his reported sale figures. He is paying $3,000 per month in rent, reports $34,000 to $35,000 in monthly store sales, and says that he is selling 3,500 gallons of fuel on average each month, he goes on to say that the lottery profits are about $1,500 per month and that he is subleasing the deli for $700 per month. At the 3 way intersection of Lake Beulah, Main Street and Sloan Avenue North, and just behind the newly renovated RP Funding Center (which recently completed $14,000,000 worth of renovations) and it is also in very close proximity to the under construction $180,000,000, 168 acre Bonnet Springs Park. And just across Lake Beulah is the Second Phase of Twin Lake Estates with a 132 new apartment units, and when Phase 3 is fully completed will total to 320 units of affordable housing. Also completed just around the corner is the new 126 room Springhill Suites hotel. The City has just approved $250,000 for the new Roundabout, to replace the nearby lighted intersection.

Property Details of 117 Lake Beulah Drive

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Listed by David Hitchcock of SVN SAUNDERS RALSTON DANTZLER

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Based on information submitted to StellarMLS as of May 17, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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