Sudbury Gas Stations
Sudbury is a colonial town that is located in Middlesex County, Massachusetts. It is home to nearly 19,000 residents, and it is a mere 20 miles from the City of Boston, which means that residents in this area of the state will likely be commuting on a regular basis. Keeping that in mind, these commuters are going to need gas for their vehicles, coffee to fuel their body, and maybe a snack to break their fast in the morning, which is where a gas station comes into play.
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Purchasing and Leasing Gas Stations
When you invest in a service station, you are going to have two basic options that you can consider, which are:
- Leasing – When you decide to lease property, you will not need to have a large down payment to get you started. In fact, if you have low funds and a less than perfect credit score, you will be able to benefit more from a lease. In addition, if the location turns out to be less than optimal, you can always get out of a lease, especially if you only committed to a few years. Another aspect of leasing that is beneficial is that you will not be responsible for repairs that need to be done on the property. This means that you will be able to see how well the station performs in the neighborhood without putting a lot of cash into repairs and maintenance.
- Purchasing – With this option, you are going to have a lot more freedom to do what you want with the property. You can have the option to choose a branded station, but being independently run allows you to choose your promotions, your gas supplier, and the type of expansions that you prefer. In addition, if you make expansions, but you are not equipped to run things like a repair shop or a tire shop, you can rent out your space to another interested party.
Buying a Service Station with a Convenience Store
One of the best types of expansions that you can add to your station is a convenience store. This will offer your customers the chance to get more than gas on their way to work. Many of these types of stores offer coffee, snacks, cold drinks, lottery tickets, and more, so consider what the residents of this area will ant for their daily commute.
One of the advantages of a convenience store is that with enough space, you can add an indoor restroom for your customers to use. This is a great way to get people inside so that they purchase more than just gas. In addition, if you have a small grill of a kitchen space, you can put together sandwiches and small snacks that are hot for the customers to munch on while they are filling up their tank.
Neighborhoods to Consider for Your Investment
This is an area of Massachusetts that has three distinct neighborhoods, which are:
- Pine Lake
- Boston Post Road
- Town Center
Each of the areas can be a great option for an investment, but some are going to have better locations than others for this type of investment. For example, Both Pine Lake and Boston Post Road have state highways going through the center of the area, which means that traffic in those areas might be more plentiful, but the town center may have more local residents who are looking for a station.
Are you ready to find an investment opportunity in one of these areas? Then, contact Boston City Properties at 617-247-1933 so that we can get started today.
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gas stations