3011 S Third St, Memphis, TN 38109

A rare opportunity to acquire a brand-new (July 2025), high-performing Valero station on one of Memphis' busiest commercial corridors. This turnkey 24/7 operation is generating $3.84M+ in annualized revenue with MASSIVE untapped upside -- beer, lottery, and full EBT are NOT yet active.

Priced below replacement cost at 0.83x normalized revenue. Three parcels included. Real estate included. SBA eligible.

FINANCIAL PERFORMANCE (Verified POS Data)

• Annualized Revenue: $3.84M+

• Monthly Fuel Volume: 82,000 - 99,000+ gallons

• Monthly Inside Sales: $79,000 - $110,000+

• Daily Customer Count: 860+

• Avg Monthly Revenue (Aug-Dec): $326,546

• Hot Food Revenue (Crazy Chicken): $25,000 - $32,000/month ($330K+/year)

• 47% hot food attach rate -- well above industry average of 3-5%

UNTAPPED REVENUE -- THE REAL STORY

This station is doing nearly $4M/year WITHOUT three of the highest-traffic, highest-margin categories in convenience retail:

BEER & WINE -- Not yet active. 10-door walk-in cooler already built. Est. $180K-$300K/year in additional revenue.

TENNESSEE LOTTERY -- Not yet active. 6.5% retailer commission. Est. $22K-$43K/year in pure profit.

FULL EBT/SNAP -- Not yet optimized. 43,000+ residents in trade area. Est. $50K-$120K/year additional.

COMBINED UNTAPPED: $252,000 - $463,000/year in additional revenue.

FUEL COST STRUCTURE (Graves Oil -- Valero)

• Unleaded: $1.9855 + tax = $2.4488/gal landed

• Diesel: $2.5517 + tax = $3.0854/gal landed

• Premium: $2.7430 + tax = $3.2061/gal landed

• Owner-delivery savings: 2c/gal margin advantage ($21K+/year)

• 12-year exclusive Valero supply agreement (rack + $0.01/gal)

THREE PARCELS INCLUDED

• Main Property -- Operating gas station & C-store (Parcel 050-125-00009, ~0.34 acres)

• Parcel 050125 00010 -- Acquired by seller, demolition in progress

• Parcel 050125 00011 -- Acquired by seller, demolition in progress

Room for additional pumps (expand from 3 to 5+). All demolition costs borne by seller.

PROPERTY FEATURES

• Brand-new construction -- July 2025, ~2,440 SF

• 24/7 operation

• 3 pumps (6 fueling positions) with Valero branded canopy

• Crazy Chicken branded hot food kitchen with digital menu boards

• 10-door walk-in cooler (beer-ready)

• Modern multi-register POS system

• ATM on-site, propane exchange, security cameras

• Corner lot: US Highway 61 & Peebles Avenue

• High visibility with dedicated curb cuts

• Dense trade area: 43,000+ population (ZIP 38109)

PRO FORMA

Conservative: $270K NOI -- 8.4% cap rate

Optimized: $378K NOI -- 11.8% cap rate

With beer/lottery/EBT: $450K+ NOI potential

TRANSACTION TERMS

• Asking Price: $3,200,000 + Inventory at cost

• Sale Includes: Business + Real Estate + All FF&E

• Brand: Valero (transferable supply agreement)

• Financing: SBA 7(a) eligible -- 15% down payment option

• Due Diligence: 30-day inspection period

• Closing: 45-60 days from executed LOI

NDA required for seller identification and full financial package.

Contact: [email protected] | sabercre.com