The Property. Built in 1996 and situated on 0.615 acres is this Marathon Service Station with 6 Gilbarco pumps with credit card readers. Included with the property are (2) 15,000 gal. Owens Corning fiberglass tanks, (2) Red Jacket submergible pumps, All Stage 1&2 legal vapor recovery system, (7) light poles w/ lights, (3) Stainless Steel vacuums, a pay air compressor, canopy w/ lights and accessories, and a sign pole & signage.
Property is listed as Parcel ID 550-0183-0036-00

The Building. The block improvement contains approximately 3,200 sf divided into a Food Center convenience store and a Subway sandwich shop. Also included with the Food Center will be a Tonka 12 door walk-in cooler w/ shelving & racks, 3 door freezer, (2) Gilbarco cash registers w/ computer & G site system, Red Jacket RLM 5000 tank & line monitoring system, Video surveillance system w/ 7 cameras, triple compartment ss sink, hot dog roller & bun warmer, Tac II safe, coffee & beverage counter, and check out counter. Also included is the Hanna car wash system complete with tire brush cleaner, double mitten, tall side wraps & wrap arounds, wax rinse arc, 2 motor drying system, all backroom computers w/ equipment, 5hp air compressor, self serve cash acceptor control box and in store computer.

The NNN lease. A triple net lease w/ personal Guarantees is in effect until November, 2012. The tenants are responsible for rent, maintenance, repair, taxes, insurance including liability and Ohio Super Fund Program, alterations, and utilities. The 2006 yearly lease generates $166,908.76. The yearly rent amount increases by 1% every succeeding year. A $500 per month rebate by Landlord to Tenant on any month that the Tenant sells less than 200,000 gallons of automotive fuel is part of the lease package. Complete lease terms can be viewed in the Property Information Packet (PIP).

The Sublease. A sublease is also in place for the Subway sandwich shop, payable to the Business Owner, and in effect through May 9, 2011. The sublease is executed by Subway Real Estate Corporation with current annual payment of $17,552 with a 2% yearly increase. Documents also available in the PIP.

Complete terms, auction documents, and copies of all lease documents are available in the Property Information Packet (PIP). Please contact Auction Company and request “service station PIP”. PIPS should be available by November 10, 2006.

Property information packets are available below in PDF or by calling 513-724-1133.