Gas Station With Property In Milledgeville, GA For Sale

Description

Brand-new, under-construction ExtraMile and Chevron convenience store and gas station. 3,600 square foot building with 4 MPDs on a 1.10 acre corner parcel. Turnkey delivery with certificate of occupancy. Buyer adds inventory only.Feasibility study projects inside sales of 187,000 to 201,000 dollars per month. Outside sales projections of 164,000 to 186,000 gallons per month. No COAM contract. Buyer chooses master licensee.ExtraMile franchise with 10-year agreement. Royalty structure: 6 percent capped at first 100,000 dollars in monthly inside sales. Zero royalty above 100,000 dollars. Includes training, field support, inventory system, marketing materials, and loyalty integration.Chevron fuel brand with Majors Management as jobber. Fuel supply agreement: Rack plus 1 with 10-year term, plus 3 cent per gallon rebate.Planned interior includes kitchen, gaming room, beer cave, and walk-in cooler. Certificate of occupancy expected May of this year.Location: Half mile from Lake Sinclair, capturing boat, RV, and lake traffic. Positioned at an intersection with direct access to Sinclair Marina. Traffic count of 23,400 vehicles daily.Gas station supply gap of approximately 2.276 million dollars within 1 mile and 7.651 million dollars within 3 miles. Food service gap of 1.163 million dollars within 1 mile and 7.176 million dollars within 3 miles.Georgia College and State University enrollment of 7,304 students. Median household income within 5 miles of 72,220 dollars. Located in an Opportunity Zone.Down payment: 450,000 dollars.Asking price for turnkey fully built-out store and property: 4,990,000 dollars