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Gas station with Property for sale in Kentucky for $650,000!

Listing was updated at: 06/03/2019
Gas station with Property for sale in Kentucky for $650,000!

Property Overview

Price/Rent PSF $ 650,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 02/20/2019
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Description

30 minutes from the Missouri Border, 30 minutes from the Illinois Border and 30 minutes from the Tennessee Border. Asking Price for Business-only: $105,000 + inventory! Rent will be $5,500 NNN with a 15-year lease available! Asking Price for Business and Property: $650,000 + inventory! Lease Purchase with 25% down available for the right buyer! The City just started issuing licenses for Beer sales! But the Seller has still not applied for a license. No Beer Sales as yet but Buyer can definitely sell Beer if Buyer wants to thereby further increasing the inside sales. The store is currently doing $80,000 in inside sales! $30,000 of the current inside sales are in Deli with 55% margin! Gas is 15,000 gallons with a margin of over 10 cents per gallon. Lottery Commission is $1500 a month. No Jobber Contract! The Store is currently only open from 6AM to 9PM! If you were to purchase the property, the store is highly profitable at $16,000 per month in net profit. Even if you purchased the business-only then the net profit is still more than $10,000 per month after paying rent and all expenses! The seller has many other businesses and is running these stores 100% absentee.

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