Gas Station Property And Mechanic Shop W/ House For Sale

Description

Gas station and mechanic shop for sale with an adjacent house.

The property consists of two parcels and is located approximately 25 minutes from Thomasville, Georgia.

Asking price for the business and both properties is $799,000 plus inventory.

A business-only option is available for $99,000 plus inventory, with monthly rent of approximately $4,000 NNN under a 15-year lease.

Current sales

• Inside sales: approximately $25,000 per month
• Fuel volume: approximately 10,000 gallons per month
• Reported fuel margin: approximately $0.80 per gallon
• Mechanic operation: seller receives approximately $1,500 per month under a 50/50 arrangement

The fuel mix consists of non-ethanol gasoline, diesel and off-road fuel.

The seller reports net profit of more than $10,000 per month after approximately $7,500 in payroll. The seller also estimates that an active owner-operator could earn approximately $17,000 per month. These figures should be verified during due diligence.

Real estate

• Approximately 1,050 sq. ft. convenience store
• Mechanic shop
• Corner location
• Gas station parcel: approximately 0.48 acres
• Adjacent parcel: approximately 0.51 acres
• 3-bedroom, 1-bath house

Two full-time employees currently live in the adjacent house.

The seller offers a lease-purchase structure for the real estate with approximately $200,000 plus inventory due from the buyer.

Two seller-financing structures are described: approximately $5,000 per month for five years, or interest-only financing at 9% with a balloon payment after five years. Final financing terms are subject to agreement with the seller.