111 NW 5th St, Woodhull, IL, 61490
BP
Key Information
Highlights
• Fuel Supply Agreement Near Expiration: Only one year remains on the existing fuel supply agreement, providing a new owner with the opportunity to renegotiate fuel terms, pursue more favorable pricing, or rebrand the station with a different fuel provider to maximize profitability and long-term value.
• 2028-Compliant Double-Wall Fuel Tanks: The property is equipped with double-wall underground storage tanks that already satisfy upcoming 2028 environmental compliance standards, significantly reducing near-term capital expenditure requirements and providing peace of mind for future ownership.
• Prime Interstate Location with Excellent Visibility: Strategically positioned with immediate access to Interstate 74, the property benefits from exceptional visibility and exposure to both interstate travelers and local traffic, supporting consistent customer demand and long-term operational success.
• Large 3.89-Acre Site with Expansion Potential: Situated on approximately 3.89 acres, the property offers ample parking, efficient vehicle circulation, excellent visibility, and additional land that provides flexibility for future expansion, redevelopment, or complementary commercial uses.
• Potential Tax Advantages Through Bonus Depreciation: Fee simple ownership of both the land and improvements may provide investors with the opportunity to utilize accelerated bonus depreciation, creating potential tax benefits and enhancing after-tax returns. Buyers should consult their tax advisor regarding eligibility.
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