Prime location Atlanta Gas Station Business Only!
Listing was updated at: 02/13/2019
Property Overview
Price/Rent PSF $ 7,500.00
Asset Type Retail
Trade Type Lease
SQ. FT. Available 1
Date Available 02/13/2019
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Description

The current Owner is a Bangladeshi doctor with no gas station experience. He is running the store with employees and does not maintain the right amount or right type of inventory at the store. The gas station is currently doing $35,000 in inside sales, 17,000 gallons outside with 10 cents average margin. Lottery commission is $1,500. COAM is $1,800 one side (Operator is not working amiably with the local clientele); ATM: $350 and Air/Vac: $200 per month. Current Operator is not doing justice to the location. This is perfect for an Owner/ Operator. The rent will be $7500 NNN with the Buyer collecting rent from the restaurant inside the store of $1500. Therefore the effective rent will be $6000 NNN for the Buyer. Amazing opportunity in the heart of the city. Great location and Building. Always busy. There is a check cashing service inside the store but that rent goes directly to the Landlord. Check Cashing is still highly beneficial to the Operator as it brings in a lot of traffic. Once cash in the customer's hands they are bound to buy chips, soda, and cigarettes, etc. Lease remaining for 11 years. There is a jobber contract of rack+1 for 9 years remaining. COAM contract has 2 and a half years remaining. Asking price is $99,000 + inventory. Prime location and prime property in Metro Atlanta. Please do not talk to anyone at the store. Only employees working there.

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