5609 N Hills St - Service Station FOR SALE


Meridian, MS 39305
$449,000 USD
770-664-9999
5609 N Hills St, Meridian, MS for Sale
$449,000 USD
Service Station - FOR SALE
1/6
null | Request Cap Rate

5609 N Hills St
Meridian, MS 39305


HIGHLIGHTS

  • NO JOBBER CONTRACT! Continue to operate independently or secure a long term deal!
  • Price Reduced to $449k plus inventory! Deal won't last long!

OVERVIEW

Price Reduced to $449k plus inventory! Deal won't last long! Store Information: The gas station was shut down for renovations and reopened in July 2024. Month over month sales have been increasing steadily as consumers begin to come back to the business! Seller is Absentee and the store is run by employees only! There is a massive opportunity for an owner operator to reduce payroll costs and take home more profits! High visibility corner lot location with an average traffic count of 12,500 vehicles passing by the station each day! Revenues will continue to grow as more people discover that this store has reopened! Additional revenue streams are available! Seller had a food truck vendor operating 5 days per week and pays $600 per month in rent! Ventilation hood and other kitchen equipment included in the store! Location is far enough away from competition that it could add hot and ready food items or full service kitchen items to increase inside sales! The store is currently only operating for 12 hours per day. There is a HUGE opportunity to extend business hours and increase profits even more! The pumps and POS system have been upgraded and are leased-to-own by the Seller, meaning no maintenance for the new owner! Seller pays $299 per month for leasing the pumps and POS with 7 years remaining on the lease. After 7 years, the pumps and POS become yours! Key Financials: Inside Sales are currently averaging $24,000 and steadily growing! Outside Sales are currently over 2,000 gallons averaging 40 cents margin per gallon! NO JOBBER CONTRACT! Continue to operate independently or secure a long term deal! Lottery Commission is $1,000 per month with very limited options. Add more Lottery roll options to increase lottery commission! ATM and Air Machine combined commission is $125 per month! Seller recently added EBT so sales are expected to increase substantially! Demographic and Geographic Details: Median Household Income is $45k. Nearby K-12 Schools like Poplar Springs Elementary School, West Hills Elementary School, Northwest Middle School, and Meridian Senior High School, collectively serve over 3,000 students and faculty. Nearby colleges like Mississippi State - Meridian Campus, and Meridian Community College collectively serve over 2,500 students and faculty. Close proximity to apartment complexes like Regency Apartments, The Mark Apartments, Four Fountains Apartments, Stratford Manor Apartment Homes, Heritage Place Apartments and surrounded by neighborhoods! 1 hour 30 minutes from Jackson and Hattiesburg, MS! 1 hour 30 minutes from Tuscaloosa, AL! 2 hours 15 minutes from Birmingham, AL! 2 hours 30 minutes from Mobile, AL! 3 hours from New Orleans, LA! Asking Price for Business and Property Reduced to $449,000 plus inventory! Deal won't last long! If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Absentee Owned Gas Station with Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

22,891 SF

ZONING

-

APN/PARCEL ID

127-35-0-0000-000-03400

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.