Rental Income of $4,200 NNN Per Month! Gas Station Property in Eastman, GA at 7.2% Cap Rate! High Appraisal Value!

Eastman, GA, USA 31023

$699,000

Detail

update dateApril 28, 2023 publish DateApril 28, 2023 Total views 47

Type: Gas Stations

Brand: NA

Inside Sale/Month: $0

Sells alcohol: No

Status: Active

Listing ID:7892

Financing: Bank Financing

Real State Included: Yes

Bulding status: Existing

Description

Gas Station Property at 7.2% Cap Rate with an Absolute NNN Lease! Landlord is not obligated to pay for anything on the property!

Currently, the Seller is collecting $4,200 NNN monthly rent! Rent will increase to $4,410 NNN in 2 years starting from April 2025!

Property and Business is Appraised at $950,000! Even if you consider the Business to be worth as much as $250,000, you are still only paying the appraised value of the Property!

8 years left on the fuel supply agreement. Property has Brand New Pumps and Canopy!

Huge residential neighborhood located behind the store! Prime Location Corner Lot off a very busy street! Average daily traffic count of 11,800!

1 hour from Macon, GA! 50 min from Vidalia and Warner Robins, GA! 2 hrs 13 mins from Savannah, GA! 2 hrs 30 mins from Atlanta, GA!

2 mins from a college and a hospital! 3 mins from a manufacturing company with over 150 employees! 4 mins from a school complex with over 1500 students!

Asking Price for the Property: $699,000!

If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com

Highlights

.Gas Station Property at 7.2% Cap Rate with an Absolute NNN Lease! Landlord is not obligated to pay for anything on the property!

.Property and Business is Appraised at $950,000! Even if you consider the Business to be worth as much as $250,000, you are still only paying the appraised value of the Property!