C-store with Investment Income

This stabilized and well-rooted business is within 1 mile of the Arizona State University (ASU), and has been operating in this location for over 30 years. The University and student population (housing) is primarily N and E of the store. To the south and west are concentrations of business parks and some retail. This mixture of customer base provides a wide variety of marketing opportunities for an experienced operator. Location: Tempe, Arizona Year Established: 1976 Number of Employees: 2 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 2,400 Rent: $3,750.00 Per Month Facilities: 2,400 +/- sf building of cement block construction built in 1976. Sewer, water & trash are all provided by the City of Tempe. The building is air conditioned throughout. Parcel size is 14,157 +/- sf. (.325 +/- ac.) Market Outlook/ Competition: The student population at ASU has been a recurring and stabilizing portion of the market. (This also hurt the business in 2020 when the University instituted protective measures in response to COVID.) There is expected to be a snap-back from this source in the fall of 2021 as restrictive measures are lifted. The seller bought the business with no applicable experience, and has been learning on the job. An experienced operator stepping into this situation can capitalize on the opportunity offered by a reduced price reflective of recent performance. There is a Circle K across the street (Hardy) that has been there for many years. Their competitive impact is not new or unknown. Growth & Expansion: The facilities in place will support a fresh food service concept. This would be expected to be popular with a student population, as well as the employees in the area.