Property Listing No Longer Available for Sale

720 Atlanta Highway, Cumming, GA

Retail for Sale - $579,000 - 2,669 Sq. Ft. on 43124 acres


Property Info

CIMLS#701293
Location
  720 Atlanta Highway
  Cumming GA 30040
UpdatedMarch 12th, 2014
TypeRetail
Price$579,000
Building2,669 Sq. Ft.
Land43124 acres

Property Description

DO NOT CONTACT EMPLOYEES AT LOCATION. EXECUTED CONFIDENTIALITY REQUIRED.

Sperry Van Ness is pleased to present this Texaco branded convenience store and car wash opportunity perfect for the owner-operator. The property may be re-branded.

For sale are the building, equipment, store fixtures and business (including POS and carwash equipment). The sale price does not include inventory.

The sale does not include the land. The sale is subject to an existing 22+- year ground lease. The purchaser of the building and business will take assignment of the ground lease. The ground lease contains a first right of refusal for the purchaser\tenant to buy the land. Should the land owner decide to sell, the new business owner has the right to purchase the land.

The property is a one acre+- corner lot at a traffic light intersection with a 17,000+ combined daily traffic count. Curb cuts on two roads provide unimpeded access. The site has a 2,800 SF+- convenience store, 11 fueling positions under a covered T canopy plus diesel island, freestanding car wash, and was designed to accommodate an additional 1,750 SF+- for retail spaces.

Location Description:

Atlanta Highway (Hwy 9) is an undivided four lane (plus center turn lane) north-south artery paralleling GA 400 through Cumming. The property is at the corner of Old Atlanta Highway just south of the Buford Highway intersection.

Highlights:

>> DO NOT CONTACT EMPLOYEES AT BUSINESS

>> Sale subject to 22 year ground lease

>> Ability to re-brand

>> Traffic light corner

>> 17,000+ combined traffic count

* Email for additional photos


Financials

Sales Info:

>> Commision split: 6.0%


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