1429 Cotton Grove Rd - Convenience Store FOR SALE


Lexington, NC 27292- Davidson
$1,599,000 USD
770-664-9999
1429 Cotton Grove Rd, Lexington, NC for Sale
$1,599,000 USD
Convenience Store - FOR SALE
1/8
null | 13.13% Cap Rate

1429 Cotton Grove Rd
Lexington, NC 27292
Davidson


HIGHLIGHTS

  • Gas Profit is over $15,000 per month!
  • Jobber contract is Rack +1 with approximately 8 years remaining.
  • Monthly Net Profit is over $17,500 per month AFTER paying $4,750 in payroll and all other expenses!

OVERVIEW

Asking Price has just been REDUCED to $1,599,000 plus inventory! Deal won't last long! Monthly Net Profit is over $17,500 AFTER paying $4,750 in payroll and all other expenses, before mortgage! That is a Cap Rate of over 13%! An Owner-Operator can take home over $20,000 per month, which is over $240,000 per year! Gas Profit alone is over $15,000 per month! Outside Sales are 79,000 gallons per month at outstanding margins of 17 cents per gallon on regular and 60 cents per gallon on diesel! Inside Sales are currently averaging $42,000 per month at 25% margins! EBT was just recently added! Inside sales are expected to increase as EBT customers discover the store! Multiple additional income streams: ATM and Bitcoin commission of $300 per month, plus a food truck paying $700 per month in rent! Jobber contract is Rack+1 with approximately 8 years remaining. Seller is 100% Absentee and cannot give the store the attention it deserves! A hands-on Owner-Operator has a huge opportunity to grow inside sales even further! Store & Property Information: Property is 0.68 acres in a high-visibility location with 11,000 vehicles passing by each day!

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$1,311 USD /SF

CAP RATE

13.13%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gas Station with Property in Lexington, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

B

APN/PARCEL ID

11-347-0-000-0040-0-0-0

ASK ABOUT THIS PROPERTY

Kavita PurohitRiver BrokersMore Info
770-664-9999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kavita PurohitRiver BrokersMore Info
770-664-9999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.