1429 Cotton Grove Rd
Lexington, NC 27292
Gas Station with Property in Lexington, NC · Retail Property For Sale

Key Financials: Asking Price has just been REDUCED to $1,599,000 plus inventory! Deal won't last long! Monthly Net Profit is over $17,500 AFTER paying $4,750 in payroll and all other expenses, before mortgage! That is a Cap Rate of over 13%! An Owner-Operator can take home over $20,000 per month, which is over $240,000 per year! Gas Profit alone is over $15,000 per month! Outside Sales are 79,000 gallons per month at outstanding margins of 17 cents per gallon on regular and 60 cents per gallon on diesel! Inside Sales are currently averaging $42,000 per month at 25% margins! EBT was just recently added! Inside sales are expected to increase as EBT customers discover the store! Multiple additional income streams: ATM and Bitcoin commission of $300 per month, plus a food truck paying $700 per month in rent! Jobber contract is Rack+1 with approximately 8 years remaining. Seller is 100% Absentee and cannot give the store the attention it deserves! A hands-on Owner-Operator has a huge opportunity to grow inside sales even further! Store & Property Information: Property is 0.68 acres in a high-visibility location with 11,000 vehicles passing by each day! Geographic & Growth Details: Lexington is booming! Siemens Mobility just opened its $220 Million advanced rail manufacturing facility in Lexington, one of the largest employers and the largest taxpayer in the city's history! Over 375 employees have already been hired, growing to more than 500 jobs by 2028, and the project is estimated to add $1.6 Billion to the state's economy! The surrounding Piedmont Triad and Carolina Core region has landed Toyota Battery, Boom Supersonic, VinFast, and JetZero, making it one of the fastest-growing manufacturing corridors in the Southeast! Local population is growing 3% annually! New residential developments include a 120-unit apartment project, a 54-unit senior apartment project, and several newly approved subdivisions, adding hundreds of new residents to the immediate trade area! Nearby schools include Lexington Senior High School, Lexington Middle School, South Lexington School, and Pickett Elementary School, collectively serving over 2,000 students and faculty! Nearby apartment communities include The Arbor at Cotton Grove, The Reserve at Regents Center, Hilltop Terrace Apartments, Fairview Village, Royal 8 Apartments, and other multifamily complexes serving hundreds of residential units! Close proximity to Chick-fil-A, Starbucks, Applebee's, IHOP, McDonald's, Wendy's, Cook Out, Cracker Barrel, and other high-traffic dining destinations! 30 minutes from Winston-Salem, Greensboro, and High Point! 1 hour from Charlotte! Under 2 hours from Raleigh-Durham! Asking Price for Business and Property has been reduced to $1,599,000 plus inventory! If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com