| Notes: |
Commercial Gas Station For Sale<br />
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Property Address:<br />
21095 US-79, Gadsden, TN<br />
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Property Overview:<br />
This well-established gas station offers a lucrative investment opportunity in Gadsden, Tennessee. With consistent fuel and store sales, updated equipment, and additional rental income, this property is primed for continued success.<br />
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Financial Highlights:<br />
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Fuel Sales:<br />
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Monthly: 15,000-20,000 gallons<br />
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Annual: Approximately 180,000-240,000 gallons<br />
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Store Sales:<br />
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Monthly: $75,000<br />
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Annual: Approximately $900,000<br />
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Additional Income:<br />
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Adjacent shop rental: $600/month (incremented by $50 annually over the past three years)<br />
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Operating Expenses:<br />
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Security Alarm: $50/month<br />
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Phone and Internet: $150/month<br />
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Trash Pickup: $250/month<br />
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Water: $250/month<br />
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Electricity: $500/month<br />
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Payroll (including manager's salary): $6,000/month<br />
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Net Income:<br />
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Approximately $140,000 annually<br />
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Property Features:<br />
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Fuel Contract:<br />
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Current agreement with Dees Oil, expiring in 2028<br />
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Lottery Sales: Authorized retailer<br />
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Equipment Upgrades:<br />
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New walk-in cooler for beer and soda<br />
Around the World 360<br />
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Sandwich and pizza prep table with refrigerator<br />
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Three deep freezers<br />
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Site Details:<br />
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Asphalt Paving:<br />
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Size: 9,500 sq ft<br />
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Year Built: 2002<br />
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Condition: Average<br />
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Underground Tank:<br />
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Capacity: 12,000 gallons<br />
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Year Installed: 1998<br />
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Condition: Average<br />
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Detached Garage (Finished):<br />
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Size: 1,320 sq ft<br />
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Year Built: 2002<br />
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Condition: Average<br />
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Canopy:<br />
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Size: 576 sq ft<br />
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Year Built: 1988<br />
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Condition: Average<br />
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Community Insights:<br />
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Gadsden, Tennessee, is a small town with a population of approximately 474 residents. The town has experienced slight fluctuations in population over recent years. The median age is 52.3 years, and the community is predominantly White (82.45%) and African American (13.93%). The average household income is $58,773, with a poverty rate of 17.09%. <br />
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Proximity to Larger Towns:<br />
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Humboldt, TN:<br />
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Approximately 6 miles northeast of Gadsden<br />
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Driving time: About 8 minutes<br />
Distance Cities<br />
+3<br />
Distance Cities<br />
+3<br />
Distance Cities<br />
+3<br />
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Population: Approximately 8,200 residents<br />
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Jackson, TN:<br />
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Approximately 17 miles southeast of Gadsden<br />
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Driving time: About 25 minutes<br />
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Population: Approximately 67,000 residents<br />
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Nearest Gas Stations:<br />
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CITGO:<br />
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Located at 321 N 22nd Ave, Humboldt, TN<br />
GasBuddy<br />
<br />
Approximately 4.7 miles from the property<br />
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Exxon:<br />
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Located at 2600 N Central Ave, Humboldt, TN<br />
GasBuddy<br />
<br />
Approximately 5.1 miles from the property<br />
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Maverick:<br />
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Located at 836 Eastend Dr, Humboldt, TN<br />
GasBuddy<br />
<br />
Approximately 5.1 miles from the property<br />
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Murphy USA:<br />
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Located at 2658 Central Avenue, Humboldt, TN<br />
GasBuddy<br />
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Approximately 5.3 miles from the property<br />
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For further inquiries or to schedule a viewing, please contact the listing agent. |
