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Listing ID: 3001808

Lawrenceville / Duluth Strip Mall and Gas Station with Rental Income For Sale

Duluth, Gwinnett, Georgia, United States

$ 2,600,000

(Furniture / Fixtures included)
(Real Estate Included)

Revenue: $ 1m to 5m

Cash Flow: not disclosed

Business Description

Asking price is $2.6M + inventory.

Here is a breakdown of rent collected.
$2.500 Bakery Space
$7.500 NNN C-store
$1.500 Restaurant
$800 Car wash
$1.500 Check Cashing.

If you were to buy and operate the gas station for $2.6 Million then a loan for 20% down payment, 25 year amortization, and 7% interest rate, generates a monthly loan payment of $14,700 plus $2,000 for property insurance and taxes. Your total payment is $16,700 of which you collect $6,300 from tenants.

You pay $10,400 from the C-store and gas profits. This could be easily achieved just from the COAM proceeds if run by the right operator.

The current operator is a Bangaledeshi doctor with no gas station experience. And does not have the right amount 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.

0.86 Acres. Built in 2006.

There is a jobber contract of rack+1 for 9 years remaining. COAM contract has 2 and a half years remaining.

Prime location and prime property in Metro Atlanta.

If interested, please email your full name and best contact number to info@riverbrokers.com

Property Details

Property Type:

Real

Other Details

Business Location:

Prime location and prime property in Metro Atlanta.

Expansion Potential:

Add the right amount of inventory at the store.

Operation Details

Support & Training:

Seller is willing to provide training

Contact this seller

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