Since I am working today, thought I would post this and maybe get some advice for a project I am starting in 10 days or so. Lady is leasing a gas station that does $1.8M in gross sales in gas and convenience store receipts. She is paying $22,100/year in rent absoultely Net. Obviously this is not Market Rent...but she has been there for 25 years and her and owner are buddies. She has a buyer for the business only, so I am doing a Business Appraisal per Standards Rule 9. I can find Market rent pretty easily (the owner is going to raise the rent on buyer), but what I am looking for is sources for cap rates for leased gas/convenience facilities. Community is 360,000 ppl, low unemployment, property is in good condition, tanks are new in last 10 years, good location. Thanks for any help...now back to work.