“FOR SALE” - NAPA Auto Store & Denali Bank Bldg.
US Survey 2723, Lots 5 & 6 & Lots 86 & 87, Plat #85-55
Apr. 4.78 acres (total)
Nice highway frontage and exposure. A tremendous opportunity for the “Right” people who want a change in life style, live in a small, friendly community and have a business background in the mechanic / auto parts field.
The NAPA Auto Parts store has been up and running for many years and shows a constant increase in the business, mainly due to the fact that Tok is a growing community. The Auto Parts store actually services an area from the Canadian Border to Eagle and half way to Delta Junction and Glennallen and all the places in-between.
The separate bank building is leased to Denali Bank (see enclosed Lease at $2,000.- per month) until 2013 and 3 more 5 year Option periods with increase in the lease price. In addition, the State of Alaska is leasing space for a Legislator Affairs Agency office, apr. 1/3 of the bank building, at apr. $1,112.- per month (see enclosed Lease) on a monthly basis.
So you have a built in income of $3,100.- monthly plus the large income generating machine of the NAPA Auto Store, with gross sales of apr. $640,000.- per year.
In addition, you have an apr. 1,200 square foot, 3 bedroom living space above the NAPA store, so this would truly be the “Perfect” family operation for the right person.
The seller would train the right people if help is required, but the national NAPA chain also offers classes. As said earlier, a basic mechanical understanding would be a great plus.
Bank financing may be available for the right client with a large down payment. The owner also would consider some owner financing for maybe a 5 or 6 year period with a large down payment. The seller will show the property, but we need at least a 1 to 2 day notice, so please “No Surprise Visits”.
Please make sure and check with your bank about financing or have about a 50% cash down payment if owner financing is required. Before we can set up an appointment we need proof of financial capability from the buyer. Financial information is available but must be held confidential.
The 2,400 square foot bank building and the 5,200 square foot NAPA Auto Store are all on one lot (see plat). The other properties are for expansion or…..
The Price for ALL of this is only: $1,300,000.-
Which includes apr. $150,000.- worth of Inventory, Heating Oil and Propane.
“Please no surprise visits. All appointments must be made through our office”.
Remote
Properties, LLC
