Building Details

Year built 2001

Listing Agency: NextHome Legacy Group Show Phone

Listed By: Legacy Lane Listings · License #PersonLicenseNumber Show Phone

Added: Aug 28 Last Checked: Oct 9 at 12:06PM

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MLS# 176114

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering combines an established convenience store business with its underlying commercial real estate. The sale includes a 3,600-square-foot building, 2.96 acres of land, and the operating business. Built in 2001, the property provides a physical location for continued convenience-store operations or future redevelopment.

The site is positioned along US 43 in Eutaw, Alabama, with road frontage, customer access, and on-site parking. The offering includes the core real estate and business components together, providing a single-asset acquisition for an owner-operator or investor.

Key Highlights

• Established convenience store business included with the real estate
• 3,600‑square‑foot building on 2.96 acres
• Land, building, and business conveyed together

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,295

Cap Rate

6.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$905,900 $905.9K

Cap Rate 7%

$647,071 $647.1K

Cap Rate 9%

$503,278 $503.3K

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$64.8K $18.00/SF

− Vacancy

−$4.4K −$1.22/SF

EGI

$60.4K $16.78/SF

− OpEx

−$15.1K −$4.19/SF

NOI

$45.3K $12.58/SF

Area

Greene County, AL

Vacancy

6.80%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$905,900

Cap Rate 7%

$647,071

Cap Rate 9%

$503,278

Alternative Uses

Best Use

Specialty Retail

$647.1K

$566.2K – $754.9K (±1% cap)

NOI $45,295 @ 7.0% cap · market cap 6.97%

Second Best

Retail

$577.5K

$505.4K – $673.8K (±1% cap)

NOI $40,428 @ 7.0% cap · market cap 6.22%

Theoretical Best

Office A

$865.1K

$757.0K – $1.01M (±1% cap)

NOI $60,558 @ 7.0% cap · market cap 9.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Parts Store Hair Salon Furniture & Home Goods Nail Salon Spa & Massage Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 35462, AL

4,648

Population

2,270

Households

2

Avg Household Size

44

Median Age

16%

College-Educated

80%

High-School Grad

284.8 sq mi

ZIP Area

16

Density / Sq Mi

$32,114

Median Household Income

$26,273

Median Earnings

$96,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Established convenience store sale includes the land, building, business, parking, and customer access.

Where is this grocery and convenience store located?

The property is located at 1040 US 43 Eutaw, AL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Established convenience store business included with the real estate; 3,600‑square‑foot building on 2.96 acres; Land, building, and business conveyed together