Business for Sale Overview:
Income producing package includes 2 buildings in very good condition with over 17,000 Square Feet of lease able space. Currently producing a gross annual income of over $56,000 from a lease to a long-term grocery store. The current lease agreement, which does not expire until May 2019, has a lease escalation clause, which increases the lease amount every 5 years. The current lease agreement also requires the tenant to maintain the building so that are essentially no maintenance costs being born by the owner. There are 2 vacant store fronts, that potentially offer an additional $8,000 a year in gross income. The buildings have a common front, canopy and share over 30,000 Square Feet of asphalt covered parking area. The metal buildings are in excellent condition. The grocery store tenant provides the city of Magnolia with its only large scale grocery. The 2 buildings sit next to a very busy Family Dollar store on high traffic Highway 48 East and create a very nice common draw.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Solid Long Term Investment. Long Term Grocery Tenant. High Traffic Location. Excellent Condition. Very Low Expenses. Vibrant Stable Downtown.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.