July 24, 2018 – West Bend, WI – The sale price for all four Mad Max gas stations in West Bend has been posted. Overall Janiece and Steve Maxwell sold all of their 11 stations including those in Fond du Lac and Sheboygan.
The new owner is Vereit Real Estate LP; it’s an equity firm out of Phoenix, Arizona. The deal closed July 17, 2018.
Vereit will be leasing the stations to Riiser Fuels LLC out of Durham, NC.
1229 S MAIN ST
$2,219,737
1211 W WASHINGTON ST
$1,997,177
1650 N MAIN ST
$1,624,475
1512 W WASHINGTON ST
$1,257,989
It was about a year ago, August 2017, when Steve and Janice Maxwell announced the sale of their gas stations to Brookwood and its Yesway convenience store chain.
That deal fell apart shortly after it was announced.
Here’s a list of Mad Max locations in West Bend courtesy the West Bend City Assessor along with the most recent assessed values:
1229 S MAIN ST 2017 ASSESSED VALUE: $ 1,343,100
1211 W WASHINGTON ST 2017 ASSESSED VALUE: $972,500
1650 N MAIN ST 2017 ASSESSED VALUE: $ 968,400
1512 W WASHINGTON ST 2017 ASSESSED VALUE: $ 791,700
