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19546595

59 Magnolia St N, Jeffersonville, GA 31044

Keller Williams Realty Atlanta - Newnan
Listed by Keller Williams Realty Atlanta - Newnan
$1,200,000
1582 days on market
Updated 21 days ago

Supermarket ( Money-Maker )

Details
Property Type Retail
Sub Type Grocery Store
Square Footage 12,500
Cap Rate 16.00%
NOI $150,000
Tenancy Single
Price per SqFt $96
Broker Co-Op Yes
Class B
Year Built 1976
Year Renovated 2010
Buildings 1
Stories 1
Zoning Commercial
Ownership indivdual

Supermarket ( Game Machines can be added-No Contract )

Marketing description

Nice Supermarket located in Small-Town. Game Machines and gas could be added. Great sales over $2,000,000 per year with high margins. Run absentee with employees. 12,000 sq ft building. Short-hours. Mon-Sat 7am to 9pm, Sundays 8-8. Includes real estate of 2.29 acres, business, goodwill. Only 30 miles East of Macon. Ga. Only 1 1/2 hours South of Atlanta! Seller is firm on price at $1,200,000 plus inventory at cost ( has about $300,000 in inventory ). A buyer needs about $300K for inventory and about 20% down of purchase price liquid to qualify to buy this property, also, with a credit score above 650 at least. Seller is not going to do any owner-financing and is firm on price. It is a real money-maker for the seller for he runs it about 95% of the time- absentee. We have a lender ready! A new Buyer can run store with 5-7 employees and his/herself. Mark-up is overall 26%. A real money-maker for even an absentee owner! Please do not talk to the employees or the owner directly when visiting the store. Employees do not know of sale. Piggly-Wiggly is a franchise , and the seller pays them less than $5K per year in royalties & advertising. The seller will help with training if needed. Sorry, we are not co-brokering. Call Mark McKernan 770-584-8130 or Jake McKernan 770-412-3773 or Angie McKernan 770-584-8187. KW Realty. Agents.

Listing Contacts

Keller Williams Realty Atlanta - Newnan
Listed by Keller Williams Realty Atlanta - Newnan

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
12.5%
Cap Rate
12.5%
ROI

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