Gas Station Property with NNN Tenants in Hillside, NJ - $450,000 Asking Price

This listing presents a unique opportunity to acquire a gas station property located on a major road in Hillside, Union County, New Jersey. The property currently features triple net (NNN) tenants generating over $11,000 per month in rental income. The asking price for the entire package is $450,000, with the property itself mentioned as being sold for $400,000. Significant investment is required, including an estimated $390,000 for new underground tanks. Additionally, there are outstanding fines from the previous landlord, totaling $200,000, with a potential state settlement of $100,000. Once these investments and liabilities are addressed, the property is projected to be worth between $1.5 to $1.8 million based on local comparable sales. This listing is ideal for an investor willing to undertake substantial renovations and resolve legal issues to unlock significant future value.