Gas Station Business and Property with 3 Franchises in TN!
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 1,099,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 03/01/2019
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Lottery commission is $2,700 a month! Fuel sales are 42,000 gallons a month with over 10 cents a gallon in margin! Store does $52,000 in inside sales. Cap rate of over 16%! Gas Station with 3 franchises! Seller added Baskin Robbins, Hunt Brothers Pizza, and The Dapper Doughnut. The only Baskin Robbins in the entire town! The Dapper Doughnut is a new franchise that is growing in high demand and reputation in the Southeast. The Dapper Doughnut franchise also opened a new location in the Upscale Atlanta mall called Lenox Square Mall. The franchise is doing amazing and has a great product for the consumer and a great structure for the franchisee. The gas station is geographically surrounded by a multitude of major manufacturing plants. The exit is adjacent to the Commerce Park. Companies such as North Down, Ermco, Firestone, Rough Country, Nordyne, Dot Foods, Cupples', NSK, EZ, Auston Mealer, and BT Redimix. These are just a few of manufacturing plants that surround the gas station in the area. Gas station is 2240 sq. ft built in 2004! Only an hour and a half from Memphis. Local area has a population of over 17,000. Community college is located near to the store. Must-see property. Well maintained! Seller has operated the business for 12 years at the same location. Seller has medical issues and needs to retire and undergo surgeries in his home country. Priced to Sell: Price includes Business, Property, and all 3 Franchises at only $1,099,000 + inventory! Lease-Purchase Available for the Right Buyer!