Property for Sale Smith County, TN 3.50-acre

Property for Sale Smith County, TN 3.50-acre car wash C store

Smith County, Tennessee We have a huge 3.5-acre property for sale for you to see that won't disappoint. The station has a full convenience store that is 3,000 SF, is well known, and underwent a full renovation in 2019. Everything is in working condition as it should. Shop with confidence; this station is ready to make money from day one. This station currently has a fuel contract (RACK+1), which could be bought out; the choice is yours. The property has loyal local customers that have kept this station busy for decades for this family, and now the seller looking to retire. This location has a very impressive resume that includes store sales of over $90,000 a month. It doesn't sell Lotto at the moment, but the new buyer can. The gas portion of the business is as follows: sells all grades, including diesel (44,000 gallons a year), with its own separate pumps and canopy, making it easy in and out for trucks. The current average for gas is 37,000 gallons a month at a very high margin of 28 cents, with cash and credit at a 10 cent difference. The property is clean, with new tanks (DWF) put in in 2018 and new pumps installed in 2020 with EMV and large LED screens on pumps. The car wash brings in $400 a month and is in working condition, with nothing to be done here on this property but make money. The seller has a net profit of $309,000 a year with very little involvement in the day-to-day operations of this business. Make an offer for this amazing property with plenty of meat still left on the bone and built to last, with most of the upgrades done here still under warranty. The asking price is $2,800,000, which brings this business with 3.5 acres into a 10% CAP rate on your investment. This property has been pre-approved for lending, so shop with confidence. With only 20% down, this could be yours. Why lease when you can own? Make an offer.