Fully Leased Investment Property with C-Store-Owner Agent

Sold Retail-Commercial
Catylist Listing ID: 30088142
Property Subtypes: Convenience Store, Restaurant, Other
Property Type: Retail-Commercial
Archived As: Sold

Overview / Comments

Offered is a three tenant income producing property located in an idyllic community of South Central immediately in front of and adjacent to South Central Middle School. C-Store building is 3,000 square feet constructed in 1983. Well maintained and very functional in great location of a main highway. Fuel pumps, tanks, canopy, and new digital roadside sign are new and owned by fuel supplier (Marathon branded) but can be purchased and made a part of this deal at a nominal price in the event purchaser wants to branded differently or be unbranded.

Existing convenience store business can be purchased for an additional $50,000 plus the inventory for someone who desires to own a convenience store.

Store does strong deli and hot foods business along with popular Hunt Brothers branded take-out pizza. Store has lottery. Lease for store is $1,750 per month, net/net/net. Recent improvements include new Hunt Brothers Pizza menu merchandiser/ prep station front of store drink/ grab-n-go counter. Equipment includes store owned ATM machine upgraded to be encrypted chip enabled.

Adjacent building on premises houses with income producing restaurant and large three bedroom, two bath apartment on the upper level rented separately.

Store rent is $1,750 per month. Total gross monthly rent from store, restaurant, and apartment is $2,950.

Four pay at pump units each dispensing regular, mid-grade, and non-ethanol fuel. Separate above ground tanks and pumps dispense kerosene and diesel.

Additional Details

Nearest MSA: Greeneville
County: Greene
Taxing Authority: Washington County
Tax ID/APN: 100 112.00
Retail Clientele: General, Family
Property Visibility: Excellent
Largest Nearby Street: Dunbar Street
Feet of Frontage: 225
Highway Access: Direct entry from Hwy 107 and side entry from Dunbar Road
Site Description: Level
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1983
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding, Steel Frame
Exterior Description: Brick veneer on front, metal siding on the rest. Adjacent building cinder block lower level, wood frame upper level with vinyls siding.
Total Parking Spaces: 12
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite
Lot Frontage: 225
Lot Depth: 130
Water Service: Municipal
Sewer Type: Septic
Land Ownership: fee simple

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,810 9,691
Median Age: 42.4 42.3
Households: 1,936 3,863


© Copyright Northeast Tennessee Association of REALTORS┬«. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.