Gas Station Property for WAY BELOW Appraised Value 30 mins from Augusta in Thomson, GA!
Detailupdate dateSeptember 20, 2021 publish DateSeptember 20, 2021 Total views 461
30 mins away from Augusta, GA! One and a half hours from Atlanta! Very busy interstate exit location!
Asking price is lower than the County Appraisal! Gas Station Property for WAY BELOW Appraised Value!
Recent appraisal of the property valued the land alone at $610,000! Just the land is almost worth the asking price! The property with just the sales comparison and cost approach was valued at $950,000 not considering any income.
The store currently has a drive-thru that can serve food as well as cigarettes and other items from the store. Buyer can add a wine cellar and offer extensive wine and beer selection which nobody else is currently doing at that exit!
Property owner had leased the store and unfortunately, the operator went to prison and the lessee had to shut down the store. It took the seller 3 months to evict the tenant and take back the store. After taking back the store the seller has taken out the Dairy Queen and is replacing it with Krispy Krunchy Chicken and Pizza! The lessee did not have any beer or wine, the seller has now applied for a beer and wine license and will be adding that shortly.
Prior to shutting down, the store used to do $50,000 in monthly sales! Lottery commission was $1,400 per month! Gas sales prior to shutting down were 25,000 gallons per month at a 10 cent margin! 4 years remaining on the Jobber contract. The jobber is PetroSouth and the contract is Rack+1.
The Greyhound bus station brings in traffic to the store and generates $300 commission per month!
NO game machines! NO COAM contract!! There is a huge potential of game machine business with a captive audience from Greyhound travelers!
Roof has been completely replaced!
I-20 Average Daily Car Count is 34,400! Average Daily Car Count at the exit is about 15,000! Even though this is an exit location, the total population within 5 miles is about 15,000, which means you are not catering just to the interstate traffic, you are also catering to the locals as well! Huge opportunity for Dunkin’ Donuts/Baskin Robbins. Nearest Dunkin’ Donuts is 19 mins away!
Seller is moving to Florida since he has another business that he owns and needs to focus on.
Asking Price for the Property is $799,000 + inventory! Way below the appraisal price!
If interested, please give us a call anytime at (770) 664-9999 or email your full name and best contact number to firstname.lastname@example.org
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