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Absentee-Owned C-Store Property in Waycross, GA!

Listing was updated at: 06/13/2019
Absentee-Owned C-Store Property in Waycross, GA!

Property Overview

Price/Rent PSF $ 349,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 06/14/2019
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Description

Absentee-Owned Convenience Store Property without gas in Waycross, GA! Inside sales are currently $23,000 at 33% margin. Lottery commission is now $1700 per month! COAM is $6500 one-side! ATM is $250 per month. COAM Contract has 4 years left. Your mortgage would be less than $2,000! The store is only 1 hour and 30 mins drive from Jacksonville, Florida. It is a prime exit location off of Highway 84. Waycross brings in large volumes of tourism traffic due to the Okefenokee State Park. Waycross also has the Okefenokee Heritage Park which highlights several annual events that brings in 1,800 people per event. Laurel Walker State Park has its annual tree planting ceremony that brings in visitors from all over the area. There is a Coca Cola manufacturing plant across the highway from the store. There is a railroad crossing on one side of the road and residential houses on the other. The closest competition, Cross Way is 2 miles away. Asking Price for Business and Property: $349,000 + inventory! Seller is willing to enter into a lease-purchase agreement for the right buyer! Seller also owns an investment property collecting rent down the street if you are interested in that property as well. He is asking $349,000 for that property. That property generates a rental income of $31,800 yearly, which is a 9.1% cap rate!

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