Re: AU REVOIR, CHEVRON.....
The rent is entirely too high for an area that is not yet developed. Crossman/TV seemingly should be offering a good deal as an incentive to get a convenience store/gas station in there now. No one can justify a $20K/month rent now, when there is such a small market. Later, when the housing areas are built out, the medical center is completed, and other commercial facilities are in, 466A may justify it. Not now.
For someone who understands how this type of business is run:
On the other hand, I don't really know the details of who owns what. Somebody who knows this stuff, correct these assumptions/statements/questions:
Crossman/TV owns the land and leases it to XYZ.
XYZ built the station and leases it to Chevron which leases it to a franchisee or XYZ is Chevron and Chevron leases it to franchisee/final operators?
Who now controls the property?
Does Chevron look for another franchisee or sell whatever rights they hold to the property?
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Kansas City, MO; Alamo & Albuquerque NM; Quad Cities; St Louis; DC ~ NOVA; Nuernberg; Heidelberg; DC ~ NOVA; Liberty Park ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Life is like a sewer. What you get out of it depends upon what you put into it.
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