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Smith County, Tennessee We have a huge 3.5-acre property for sale for you to see that won't disappoint. The station has a full convenience store that is 3,000 Square Feet, is well known, and underwent a full renovation in 2019. Everything is in working condition as it should. Shop with confidence; this station is ready to make money from day one. This station currently has a fuel contract (RACK 1), which could be bought out; the choice is yours. The property has loyal local customers that have kept this station busy for decades for this family, and now the seller looking to retire. This location has a very impressive resume that includes store sales of over $90,000 a month. It doesn't sell Lotto at the moment, but the new buyer can. The gas portion of the business is as follows: sells all grades, including diesel (44,000 gallons a year), with its own separate pumps and canopy, making it easy in and out for trucks. The current average for gas is 37,000 gallons a month at a very high margin of 28 cents, with cash and credit at a 10 cent difference. The property is clean, with new tanks (DWF) put in in 2018 and new pumps installed in 2020 with EMV and large LED screens on pumps. The car wash brings in $400 a month and is in working condition, with nothing to be done here on this property but make money. The seller has a net profit of $309,000 a year with very little involvement in the day-to-day operations of this business. Make an offer for this amazing property with plenty of meat still left on the bone and built to last, with most of the upgrades done here still under warranty. The asking price is $2,800,000, which brings this business with 3.5 acres into a 10% CAP rate on your investment. This property has been pre-approved for lending, so shop with confidence. With only 20% down, this could be yours. Why lease when you can own? Make an offer.
Looking for a business in Nunnelly city and in the county of Hickman this it. Gas station with property for under $500k with gas and a good performing convenience store with an average monthly store sales of $50,000. The store also sells Lotto with commissions paid an average of $1,200 a month, ATM $350. This store also has a deli that bring in over $9,000 a month at a 50% margin. This location is being ran 100% owner absentee with a manager in place that handles all the day to day transactions. The location has 3 brand new MPD's that are pumping 2,400 gallons a month at a very high margin of 80 cents. This site after all expensive is netting $10,000 a month and why is the seller selling? The seller is looking to retire and is moving out of state his loss your gain.
This is a must-see location with everything new, including the canopy, store, and 5 pumps. The station is currently up for sale due to the seller moving out of state after setting up this station like a mini truck stop. This location has it all, including a 1,500-square-foot convenience store that has a history of $85,000 a month in sales. There are two cabs here, each with its own separate diesel compartment and three high-speed diesel MPDs with easy access for trucks to pull in and out. The diesel was set up for the trucks with a roundabout behind the building that leads the trucks right out to the main road. There are two MPDs for the other grades that are currently pumping 75,000 gallons a month combined with the diesel. The NOI is $180,000, with the seller looking for $1,600,000, which brings this deal to a 10% cap rate. As an investor or a buyer, this is a no-brainer. With everything new and ready to go, the only thing missing here is you. If you are in Memphis and looking for a good investment, this is the place for you. You are welcome to stop by and visit as a customer, and please do not speak to anyone. Make an offer.
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