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Updated over 7 years ago on . Most recent reply

Michael Viele's profile image
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Michael Viele
  • from Niagara Falls, New York
  • Member since Oct 17, 2017
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Michael Viele
  • from Niagara Falls, New York
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Michael Viele
  • Niagara Falls, NY
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Commercial Real Estate Investing

gas station/ truckstops or restaurants

Michael Viele
  • Niagara Falls, NY
Posted
just wondering does anybody on here own have interest or invest in gas stations or truckstop/restaurant/gas staion
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Chris Wallace's profile image
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Chris Wallace
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  • from Lebanon, Ohio
  • Member since Dec 9, 2014
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Chris Wallace's profile image
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Chris Wallace
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  • from Lebanon, Ohio
  • Member since Dec 9, 2014
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Chris Wallace
  • Investor
  • Lebanon, OH
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Chris Wallace
  • Investor
  • Lebanon, OH
Replied

My mom owns one (not the business).  

Some newer information, if the sales are 50% or greater in motor fuel, then you can depreciate in 15 years vs 39.  https://www.irs.gov/pub/irs-wd/201509029.pdf See page two conclusion.


Look forward to the discussion on what to look out for if buying new. 


My concern is the wave of electric vehicles reducing demand over time.

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