Description

Commercial Gas Station For Sale

Property Address: 21095 US-79, Gadsden, TN

Property Overview: 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.

Financial Highlights:

Fuel Sales:

Monthly: 15,000-20,000 gallons

Annual: Approximately 180,000-240,000 gallons

Store Sales:

Monthly: $75,000

Annual: Approximately $900,000

Additional Income:

Adjacent shop rental: $600/month (incremented by $50 annually over the past three years)

Operating Expenses:

Security Alarm: $50/month

Phone and Internet: $150/month

Trash Pickup: $250/month

Water: $250/month

Electricity: $500/month

Payroll (including manager's salary): $6,000/month

Net Income:

Approximately $140,000 annually

Property Features:

Fuel Contract:

Current agreement with Dees Oil, expiring in 2028

Lottery Sales: Authorized retailer

Equipment Upgrades:

New walk-in cooler for beer and soda Around the World 360

Sandwich and pizza prep table with refrigerator

Three deep freezers

Site Details:

Asphalt Paving:

Size: 9,500 sq ft

Year Built: 2002

Condition: Average

Underground Tank:

Capacity: 12,000 gallons

Year Installed: 1998

Condition: Average

Detached Garage (Finished):

Size: 1,320 sq ft

Year Built: 2002

Condition: Average

Canopy:

Size: 576 sq ft

Year Built: 1988

Condition: Average

Community Insights:

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%.



Proximity to Larger Towns:

Humboldt, TN:

Approximately 6 miles northeast of Gadsden

Driving time: About 8 minutes Distance Cities +3 Distance Cities +3 Distance Cities +3

Population: Approximately 8,200 residents

Jackson, TN:

Approximately 17 miles southeast of Gadsden

Driving time: About 25 minutes

Population: Approximately 67,000 residents

Nearest Gas Stations:

CITGO:

Located at 321 N 22nd Ave, Humboldt, TN GasBuddy

Approximately 4.7 miles from the property

Exxon:

Located at 2600 N Central Ave, Humboldt, TN GasBuddy

Approximately 5.1 miles from the property

Maverick:

Located at 836 Eastend Dr, Humboldt, TN GasBuddy

Approximately 5.1 miles from the property

Murphy USA:

Located at 2658 Central Avenue, Humboldt, TN GasBuddy

Approximately 5.3 miles from the property

For further inquiries or to schedule a viewing, please contact the listing agent.