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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
22982046

704 Highway 31 South, Bay Minette, AL 36507

SC
AL 151723-1
Elite Real Estate
Listed by Elite Real Estate
$759,000
412 days on market
Updated 14 days ago
Opportunity zone

Bay Minette Gas Station 251-689-7788

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,000
Net Rentable (SqFt) 3,000
Units 1
NOI $120,000
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 5
Lease Expiration 12/31/2027
Remaining Term 2
Lease Options 10
Price per SqFt $253
Broker Co-Op Yes
Class B
Year Built 1979
Year Renovated 1999
Buildings 1
Stories 1
Acreage 0.350
Zoning B2
Parking Spaces 12 per unit
Investment Type Owner/User
Lease Commencement 12/01/2023
Occupancy Date 01/09/2026
Ground Lease No
Ownership 100
Sale Condition For sale by owner

Unbranded station 251-689-7788

Marketing description

High potential gas station in the center of Bay Minette city, high daily travelers and tourists going to the Gulf beaches all year long.

With just a few updates, the store will run smoothly and revenue will increase dramatically with the right owner.

Double steel tanks, both are 10k gallons with 4 pumps. Pumps are 8 years old.

Novelis metal company is building in the city of Bay Minette with 1000 employees that is opening in 2027.

Currently has a tenant who is willing to sell his good will business for 100k plus inventory.

please call or text 251-689-7788 for showing appointment

Investment highlights

This high potential gas station location is great for new owner or investors that are increasing their future portfolio in retail business.

Just need a few updates and it is ready to run smoothly with increasing revenue. 10k to 20k traffics each day passing through going to the beaches all year long.

Novelis is building in the city of Bay Minette with 1000 employees that is opening in 2027.

call or text 251-689-7788 for showing appointment

Listing Contacts

SC
AL 151723-1
Elite Real Estate
Listed by Elite Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

0
DSCR
15.81%
Cap Rate
15.81%
ROI

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Additional Information

Name
Steven Chhoa
License
151723-1
Brokerage
Elite Real Estate Solutions ((gulf coast)
Brokerage Phone
2516897788
Title
Agent
Brokerage Address
1103 North Hickory Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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