Danny's Tobacco/C-Store

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30208788
Property Subtypes: Convenience Store
Status: Pending/Contingent
Building Size (RSF): 6,110 SF
Gross Land Area: 0.30 Acres
Sale Price: $700,000
Unit Price: $114.57 PSF
Property Use Type: Business
Building Name: Danny's Tobacco
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/15/2018

Overview / Comments

Local c-store/tobacco/beer retailer (unbranded) for sale. Deli counter included. No fuel. This is a unique local business generating almost $4MM in annual sales. Perfect owner/operator situation with employees in place. Property includes:
- Sales/display area
- Check out stations,
- Two offices,
- Two stockrooms,
- Three restrooms,
- Food preparation area,
- Beer cave,
- humidor,
- 2 BR, 1BA apartment

Property has a recent appraised value of $340,000, including an apartment renting for $600/mo. to a 3d party; inventory at 12/30 was $275,000.
This is an estate sale of a well-established neighborhood c-store having significant revenues through established customer base and not subject to vagaries of fuel sales. In business over 30 years with deli being largest sales component. Rare opportunity with long term employees in place and priced at mid-teens cap rate. Profitable!

Additional Details

Nearest MSA: Elizabethtown-Fort Knox
County: Hardin
Zoning: BUSINESS
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Visibility: Excellent
Highway Access: I-65 - 2 miles east WKY/I-24 - 3 miles south
Airports: Louisville International (SDF)
Site Description: Largely residential area; flat terrain.
Area Description: 1/2 mi. east of Elizabethtown CBD
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Roof Type: Arched
Construction/Siding: Aluminum Siding
Total Parking Spaces: 18
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,506 25,037 41,586
Median Age: 36.02 36.34 37.53
Households: 2,046 10,630 16,695

Contact

Photograph of Listing Agent

David Aikens

KW Commercial KCREA Member
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