Lawrenceville / Duluth Strip Mall and Gas Station with Rental Income

Duluth, GA (Gwinnett County)

Lawrenceville / Duluth Strip Mall and Gas Station with Rental Income
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Asking Price: $2,600,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Lawrenceville / Duluth Strip Mall and Gas Station with Rental Income

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Business Description

Asking price is $2.6M + inventory.

Here is a breakdown of rent collected.
$2.500 Bakery Space
$7.500 NNN C-store
$1.500 Restaurant
$800 Car wash
$1.500 Check Cashing.

If you were to buy and operate the gas station for $2.6 Million then a loan for 20% down payment, 25 year amortization, and 7% interest rate, generates a monthly loan payment of $14,700 plus $2,000 for property insurance and taxes. Your total payment is $16,700 of which you collect $6,300 from tenants.

You pay $10,400 from the C-store and gas profits. This could be easily achieved just from the COAM proceeds if run by the right operator.

The current operator is a Bangaledeshi doctor with no gas station experience. And does not have the right amount of inventory at the store. The gas station is currently doing $35,000 in inside sales, 17,000 gallons outside with 10 cents average margin. Lottery commission is $1,500. COAM is $1,800 one side (Operator is not working amiably with the local clientele); ATM: $350 and Air/Vac: $200 per month.
Current Operator is not doing justice to the location. This is perfect for an Owner/ Operator.

0.86 Acres. Built in 2006.

There is a jobber contract of rack+1 for 9 years remaining. COAM contract has 2 and a half years remaining.

Prime location and prime property in Metro Atlanta.

If interested, please email your full name and best contact number to info@riverbrokers.com

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
Here is a breakdown of rent collected. $2,500 Bakery Space $7,500 NNN C-store $1,500 Restaurant $800 Car wash $1,500 Check Cashing.
Competition:
Prime location and prime property in Metro Atlanta.
Growth & Expansion:
Add right amount of inventory at the store
Support & Training:
Seller is willing to provide training
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Contact the Seller

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Kavita Purohit

Business Listed By:
Kavita Purohit

River Brokers Real Estate

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