Real Estate Ph: (617) 247-1933 806 Tremont Street, Boston MA 02118

Westford Gas Stations

Westford is one of the most educated towns in the Boston area, and as a result, many of its residents are professionals with white-collar jobs in Boston, which is 36 miles away. With a high percentage of daily commuters, the town has a fairly strong demand for fuel. As a result, this particular town is an excellent place for an investor to make an investment in a gas station business.

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Purchasing and Leasing Gas Stations

Are you ready to get the ball rolling on your service station acquisition? If so, it's important that you understand that real estate like this can be acquired in the same way as most other commercial real estate: by either purchasing it outright or leasing from an owner.

Purchasing the station will grant you a high level of control over the business. Not only can you choose your carriers, your hours, and what promotions that you want to run, but you can also opt to sell or lease the property whenever you decide, which means that you'll have a sizeable nest egg, especially considering that these properties have a tendency to appreciate in value.

If you don't have the capital or credit to outright make the purchase, then leasing can be very beneficial as well. There is not as high of a commitment needed to lease a service station, and you will be able to leave the lease whenever you need (with potential penalty). For this reason, this is a good option also for potential owners that want to see if a location performs well.

Whether you opt to buy or lease, always remember to ask a few questions before you invest:

Buying a Service Station with a Convenience Store

As an investor, you will always want to increase your profit margins, and for service station investors, the best way to do this is to have an expansion business on-premise. These types of businesses can include car washes, made-to-order grills, auto part shops, or even garages, but if you're looking for the most cash flow opportunity, the convenience store is most likely your best option.

Why is this the case? Well, convenience stores are great ways to segue gas sales into product sales. When commuters or other motorists come into your convenience store to purchase their gas by cash, many of them will opt to buy additional products as well. In fact, even card payers that have already paid at the pump may enter your store for the purposes of using the facilities, and in many cases, both commuters and standard motorists will jump at the opportunity to purchase lottery tickets, coffee, or a snack or two.

Neighborhoods to Consider for Your Investment

Throughout the town, there are more than a few service stations that are eligible to be leased or outright purchased by investors, but it's crucial that you select the right area so that you can capitalize on traffic patterns and morning and evening commuters. To help make a more educated decision on where to invest in this type of business, here are the town's four neighborhoods:

I-95 runs right through the border between Parkerville and the town's center, which means that either of these neighborhoods could serve as excellent locations for service stations. That being said, the northernmost neighborhoods of Nabnasset and Camp Cielo Celeste also have their share of opportunities as well. To find out which service stations are available for sale or lease, contact us at Boston City Properties at 617-247-1933.

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gas stations