Profitable Gas Station Property. This business is not only profitable with an established customer base, it sits within reach of massive growth opportunities that are occurring in the Durham County area. With enough 0.979 acres, there is enough space to build a large format store. There is excellent visibility and access points from multiple roads. This property is teeming with potential opportunity for a c-store developer.
Even without future development, the current store is excellent: Inside sales are $65,000/month, Gas profit is $4,500/month, ATM commission $1,650/month, Lottery Commission $2,500/month, Rental income of $1,850/month. An owner-operator should have a net discretionary income after mortgage of around $150,000/year.
There is no long-term fuel contract in place. All equipment is owned by the seller and will transfer with the sale. The owner has made multiple capital expenditures in the property recently, including the roof, HVAC, canopy and the POS system.
There is third parcel across the street (not included in the price) that could also be negotiated for sale that would be a great potential for re-development as the growth in Durham is set to expand directly into the path of this store.