409 Main St - Convenience Store FOR SALE


Augusta, IL 62311
$399,000 USD
770-415-9940
409 Main St, Augusta, IL for Sale
$399,000 USD
Convenience Store - FOR SALE
1/1
null | Request Cap Rate

409 Main St
Augusta, IL 62311


HIGHLIGHTS

  • Game machine commission is $2,000 per month one-side.
  • COAM Contract has only 1 year remaining!
  • Average traffic count of over 2,400 vehicles passing by the store each day.
  • Only one competing grocery store in town! HUGE opportunity to beat out the competition!
  • Includes a 50-door walk in cooler.

OVERVIEW

Inside sales currently $59,000 per month! Seller and wife make up over $4,700 of a total payroll of $8,340 per month! Seller's total take home is over $9,600 per month AFTER paying Employee Payroll and all other expenses! Game machine commission is $2,000 per month one-side. COAM Contract has only 1 year remaining! Seller has No Tobacco and No Lottery! HUGE Opportunity for Buyer to increase sales substantially by adding tobacco, Lottery and vape products as well! 9,200 total sq ft including two floors (4,600 per floor)! Upstairs can be converted to use for rental or other income producing uses. Geographic Details: 0.17 acre property included in the sale! Located in a residential area! Close proximity to restaurants like Champs Chicken, Rusty Reds Farm Table, The Buss Stop, Rudy's Restaurant, and The 19th Hole. Near Southeastern High School with over 122 students. 40 minutes from Quincy, IL! 1 hour 40 minutes from Springfield, IL! 1 hour 50 minutes from Peoria, IL! 2 hours 30 min from St. Louis, MO! 2 hours 40 minutes from Columbia, MO! 3 hours from Champaign, IL! 4 hours 30 minutes from Chicago, IL! Demographic Details: Average traffic count of over 2,400 vehicles passing by the store each day. Local population has a median household income of $53,275. Other Details: Only one competing grocery store in town! HUGE opportunity to beat out the competition! Seller has operated the business for the past 3 years. Includes a 50-door walk in cooler. Asking Price for Business and Property: $399,000 plus inventory! Inventory is guesstimated to be between $75,000 to $80,000. 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

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Grocery Store- Two-Story Building Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Department Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

-

APN/PARCEL ID

25-22-000-530

ASK ABOUT THIS PROPERTY

Kavita PurohitRiver BrokersMore Info
770-415-9940

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Kavita PurohitRiver BrokersMore Info
770-415-9940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.