High Volume Gas Station with Property in Tupelo, MS!

Description

Inside sales average approximately $85,000 per month with strong margins.Outside fuel sales average approximately 35,000 gallons per month, providing consistent fuel traffic.The business benefits from strong inside sales supported by an established customer base and repeat business.The store generates stable revenue with opportunities to increase profitability.The business is currently operated by a tenant. An owner-operator may reduce operating expenses and increase income.A new 20-year Rack+1 jobber agreement will be executed at closing. After the current brand agreement expires, the jobber will transfer the benefits of the new brand agreement to the buyer.Property Information:Highly visible location with convenient access in Tupelo, MississippiProperty size: 1.39 acresBuilding size: 2,279 square feetEstablished convenience store with a loyal customer base and steady daily trafficArea Information:Local population is growing approximately 2.2% annuallyMedian household income: $53,000Average daily traffic count of 11,099 vehiclesThe business is located near North Mississippi Medical Center, a 640-bed regional hospital serving more than 730,000 people across north Mississippi, northwest Alabama, and parts of Tennessee.The property is also close to The Mall at Barnes Crossing, which attracts approximately 12 million shoppers each year.Nearby attractions include Elvis Presley's birthplace, which receives more than 100,000 visitors annually.Nearby schools include Tupelo High School, Milam Elementary School, Pierce Street Elementary School, Carver Elementary School, and Lawndale Elementary School, serving more than 4,000 students and staff.Itawamba Community College Tupelo Campus is approximately 10 minutes away, with the college system serving more than 5,000 students and staff.The station is close to restaurants including Romie's Grocery, Mugshots Grill & Bar, Harvey's, Bulldog Burger Company, China Capital, Taco Bell, McDonald's, and KFC.Nearby residential communities include Park Place Apartments, The Grove Apartments, Stone Creek Apartments, West Jackson Street Apartments, and Greenwood Apartments.The property is also near Walmart Supercenter, the Lee County Courthouse, shopping centers, schools, restaurants, and apartment communities.The location is approximately 25 minutes from Pontotoc, 40 minutes from New Albany, 50 minutes from Oxford, 1 hour 50 minutes from Memphis, and 2 hours from Birmingham.