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Updated over 7 years ago on .

User Stats

128
Posts
25
Votes
Matthew Maggy
  • Rental Property Investor
  • Richmond, VA
25
Votes |
128
Posts

Renting/Flipping to convenience stores

Matthew Maggy
  • Rental Property Investor
  • Richmond, VA
Posted

Convenience store property.

I have an in on a really good commercially zones property in a up-and-coming, almost there part of town in Richmond adjacent to a hot neighborhoods and I have a question about convenience stores.

The property is prime location for a convenience store as it is the only commercial property in the area. It's small (700 sf lower level, w/ apartment on top). Having never talked to anybody about convenience stores or anything, I'm curious if you guys know if these folks like to buy the buildings or rent the buildings? I assume these guys are fairly tight-fisted w/ their money. 

Any input on renting/flipping a property to convenience store proprietors What questions should I be asking? I plan to also talk to a couple of the guys at the marts around my neighborhood.