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Tobacco Shop Business and Motel Property Bundle in TN!

Tobacco Shop Business and Motel Property Bundle in TN! Tobacco Shop Business and Motel Property Bundle in TN!

Property Overview

Price/Rent PSF $ 899,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 02/13/2020
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Description

Inside sales for the Tobacco shop for February 2020 is $77,000. Motel property and tobacco shop bundle available together! Seller is willing to sell the motel property separately for only $649,000! Seller is NOT interested in selling the tobacco shop by itself. Tobacco shop is doing nearly $72,000 inside sales per month! High margin store! Lottery Commission is $1,600 per month! Rent is only $1,500 total! Motel property is generating $200,000 per year in revenue! Seller's family 100% operates the property. 30 rooms plus 1 manager suite (2 bedrooms, living room, kitchen, dining area and 3 bathrooms all connected). Occupancy rate is 70%! At least 17 rooms have weekly extended stay customers. Renovated 2019 new flat 40” screen TVs, new beds, new blinds, new curtains! 45 mins away from Memphis, TN! The largest city in the county with a population and trade area of 61,366! Less than a mile away from a community college, as well as tractor and truck dealerships. Less than a mile away from 2 apartment homes totaling 128 units. Mobile home park nearby has 60 mobile homes! US Highway reports strong traffic counts of roughly 20,000 vehicles per day! Asking Price for both Tobacco Store Business and Motel Property: $899,000 + inventory. Asking Price for the Motel Property alone: $649,000. Seller is NOT interested in selling the tobacco shop by itself.

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