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Property Highlights:Property is 2.2 acres!Building was constructed in 2019! Seller will sign a 20-year absolute triple net lease! Buyer will not be responsible for anything!Annual Rental Income is $247,200 and escalates by 3% every year! Cap Rate is 6.18%! The daycare only charges $185 per week for a student. They can afford the rent even with that low charge to their customers.Geographic & Demographic details:Local population is growing by 2.6% annually and median household income is $73K!No competition in a 3-mile radius! There are 1,150 children under the age of 5 within the same 3-mile radius and 5,815 children under the age of 5 within a 7-mile radius! Average traffic count of 8,120 vehicles passing by the location each day!DoubleTree by Hilton, Baymont by Wyndham, Candlewood Suites, and Econo Lodge are hotels located nearby.There are 8,359 households within a 3-mile radius! In addition, Highland Hills Apartments, Glen East Apartments, Grove at Westgate, Colony Square Apartments, and Dorchester Court Apartments serve the residential community in the area. Emmanuel Christian School, Highlands Elementary School, Dothan City Schools, Harvest Christian School, and Troy University Dothan Campus are easily accessible from the property and collectively serve over 4,200 students and faculty!Less than 2 hours from Columbus, GA and Montgomery, AL! 1 hour from Troy, AL! Asking Price: $4M. Cap Rate is 6.18%!
Key Financials:Inside Sales are an average of $65,000 per month!Outside Sales average 25,000 gallons per month at 36 cents margin per gallon!The store is currently operated by a tenant. Jobber Contract is Rack 1 with 10 years remaining on the current brand agreement. The jobber contract will renew for an additional 10 years and Jobber will pass on all benefits of the new brand to the Buyer upon the renewal!Geographic & Demographic Details:Store is highly visible from the highway! Located in the heart of Atmore, Alabama, a growing community!Store is over 1,800 SF on a 0.66 acre lot! Local population growth is 2% per year and median household income is $39k!Nearby restaurants include Atmore Real Reggae Kitchen, Jalisco Mexican Restaurant, Dixie Catfish, Hog Branch BBQ & Grill, and Creek Diner.Apartments nearby such as Atmore Garden Apartments, McRae Apartments, and Rocky Ridge Apartments provide steady local demand.Schools like A.C. Moore Elementary, Atmore Christian, Rachel Patterson Elementary, and Escambia County Middle collectively serve over 1,200 students and faculty!Coastal Alabama Community College is only 30 min away with another 4,500 students and staff to the area.Less than an hour from Mobile, AL! 1 hour 40 min from Montgomery, AL! 2 hour 20 min from Hattiesburg, MS! Asking Price for the Business and Property has been reduced to $849,000 plus inventory!
Well established 22-year-old Internal Medicine Practice is located in a rapidly expanding city. Medical staff includes one doctor, two nurse practitioners and one administrative assistant. This growing Medical Practice also includes a lab testing facility.The retiring Physician is open to staying on to assist the new owner with a 1-to 2-year transition period. The preferred buyer profile is an MD looking to expand his or her current practice with this additional location.
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