Shutdown Gas Station Near Claxton For Sale

Description

Convenience store opportunity in Hagan, Georgia.

The store has been closed for approximately three to four months and is being offered as a turnaround opportunity.

The property includes a 3,271 sq. ft. building on approximately 0.34 acres.

Property and equipment

• New roof
• Air conditioning reported to be in good condition
• Unused kitchen area
• Some inventory included at no additional cost
• Unbranded operating setup

The listing states that a nearby competitor generates approximately $60,000 per month in game machine income. This is not income from the subject business and should not be treated as a projection of future performance.

A fuel jobber agreement is in place at Rack plus $0.01, with approximately 10 years remaining. Buyers should verify the agreement, transfer requirements and all fuel-related terms during due diligence.

Lease terms

• First three months: no rent
• Year 1: approximately $2,500 per month
• Years 2 through 5: approximately $3,500 per month
• Rent increase: 10% every five years thereafter
• Security deposit: approximately $25,000

The seller reports traffic of approximately 8,500 vehicles per day, annual population growth of about 4% and median household income of approximately $57,000 in the surrounding area.

Because the store is currently closed, buyers should verify licenses, equipment condition, utility status, fuel agreements and any requirements needed to reopen the business.