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If that was the case I'd want a lot more than 5 or 6%. In the old days that might have been true and that is why the yields were more like 8 or 9%. Plus the current cost of money. That is where the lease comes in. A good lease will have a requirement for a Environmental Audit at lease...

That all depends on what the lease says. Petrol Station leases have gotten a lot better in recent years which helps reduce the risks associated with contamination. One of the reasons yields have fallen so much.