Tewksbury Gas Stations

Towns that are located close to large cities offer great investment opportunities, especially if you are considering investing in a gas station that will rely on a larger population or heavily traveled highways to be profitable. Tewksbury, which is located in Middlesex County, is a great place to invest in this type of property because it is only about 20 miles from Boston, which means that most residents will commute using their personal vehicles.

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Purchasing and Leasing Gas Stations

When you purchase a station, you get the freedom to do whatever you want with the location, but you will need to make a large down payment to secure the property, and sometimes banks make it difficult to get loans for this type of property unless you have nearly perfect credit. Leasing the property allows you to forgo this large initial investment, which puts less pressure on you. Maintenance and repairs will be done by the owner, so you will not even need to take anything other than your monthly rent out of your pocket. Before you decide which option is best for your business portfolio, there are a few things to consider:

• What is included in the sale? Some stations and the land that they sit on are owned by different individuals, so if you want to purchase the unit as a whole, make sure it is all included or the land could cost more down the road. If the sale is strictly for the service station, leasing may be a better option. Also, make sure to consider if there is a convenience store or a repair shop already included in the sale.
• Is this a good location in the community? Are there major traffic routes nearby?
• What type of competition is in the area? Does this station compare to your competitors or does it fall short?
• Are the canopy and the underground tanks in good condition? If you do decide to purchase the space, this could be a costly expense.

Buying a Service Station with a Convenience Store

A service station that only has gas is not going to be as profitable as you may think. In fact, many stations only make a one to two percent profit on gas sales that they make, which means that you are going to need to come up with another way to make more profits. A convenience store is an optimal way to expand because individuals who are traveling will want drinks and snacks for the road, and local customers will want fresh coffee and something to break their fast in the morning on the way to work. In fact, with enough space, you will be able to add a grill to the store as well that offers warm sandwiches for customers to enjoy as they fill their tanks.

Neighborhoods to Consider for Your Investment

This suburban town is low in crime, which makes it a great location to consider for your next investment. Finding the optimal location for your new investment can be difficult, but there are six unique neighborhoods in this community that you can consider, which are:

• Burtts Crossing
• Wamesit
• South Street
• Town Center
• Silver Lake
• Livingston Street

If you would like a listing of all of the gas and service stations opportunities in the area, contact Boston City Properties today at 617-247-1933. We have years of experience in this area of the state, so we know the best locations for a profitable enterprise. Call us today so that we can get started looking for your next investment opportunity.

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gas stations