West Stone Drive C-Store

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30778614
Property Subtypes: Convenience Store, Free-Standing Building, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 4,898 SF
Gross Building Area: See Agent
Gross Land Area: 0.70 Acres
Sale Price: $2,126,530
Unit Price: $434.16 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Kingsport Pit Stop
Sale Terms: Cash to Seller
Cap Rate: 6.25%
Last Updated: 1/26/2022

Overview / Comments

Excellent Investor or Owner Operator Opportunity! Completely remodeled and renovated C-Store on busy West Stone Drive! Sunoco branded gas and convenience store including lottery, Chester’s Chicken, a Deli, Pizza, Novelties, U-Haul rental, and new ATM with Bit Coin capabilities. Opened in early 2020, 2021 sales figures show a significant increase from the first 9 months of operation based on month-to-month comparison. The owner has optimized profit margins to produce the best results and continued growth.

Property updates include new roof, new HVAC plus an additional new unit specifically zoned for the new commercial kitchen. Newly painted outside and in, new flooring, new walk-in cooler and beer and soda refrigerated displays, a walk-in freezer and a beer cave.

All new EMV ready cash registers and new ATG metering system. A complete 16 camera security system and entry alarms. Five dual side gas islands with new EMV ready card readers and streaming video. New lighted pylon sign with electronic gas pricing display.

This exceptional C-store is conveniently located on busy West Stone Drive with over 33,065 cars per day passing this location. High visibility corner with immediate access to I-26, Exit 1, West Stone Drive interchange. The store is 4,898 square feet situated on approximately .7 acres of prime land and is zoned B-3 Commercial.

Under construction opposite this location is West Gate Development with 76 single-family houses and 16 townhomes planned resulting in a significant increase in local residents, see link for details. Don't miss this great opportunity to take over a profitable established business with lots of growth potential! See attached or contact agent for further details including financials.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082045EB00100
Zoning: B-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,596 36,370 62,631
Median Age: 38.15 42.91 43.55
Households: 2,494 16,220 27,556

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