Sale Information

Asking Price: $699,000

Building Size: 9,000 SQ FT

Lot Size: 32670

Cost per Square Foot: $77.67

Property Overview

SVN-BlackStream is pleased to present a great opportunity for an owner/user investment in Rowland, NC. This town which resides just off of the main artery for the East Coast, Interstate-95, only houses one major additional grocery store within the city limits. This represents a great time to capture the market share with a strategically located grocery store.

The store itself performs very well. On average, the sales volume comes in around +/-$85,000 per month with operating margins of +/-25%. This place the cost of good sold at roughly 75% of the total gross revenue. Great income producer for the next operator. The store has approximately $100,000 worth of shelf inventory available for purchase as well.

As far as the store itself goes, as of November of 2018, the store had a brand new 16 door walk in cooler installed as well as the parking lot resurfaced. Furthermore, there was an ATM installed outside that generates roughly $4,000 per month in fees. The metal roof is in great shape as well as the HVAC units. The low maintenance on the building will only add to the upside of operating this business. Sellers are located in SC and have to travel a great distance to operate, hence the reason for the sale/lease.

Occupancy: 100%

Property Details

Key Points: *Sales Numbers to be verified in Due Diligence Period*

Broker Information

Bill Steigerwald
Bill Steigerwald

18 S. Pack Square
Asheville, North Carolina 28801