Convenience Store with Real
For Sale
$650,000
1040 Us Highway 43, Eutaw, AL 35462
Established convenience store business with land, building, parking, and direct customer access along a well-traveled roadway.
Property Size3,600 SF
Price / SF$180.56
Days on Market63
Property Features for 1040 Us Highway 43
General Information
Standard status
Active
Size
3,600 SF
Taxes and HOA fees
Annual Taxes
$3,036
Listing Agency:
NextHome Legacy Group
(205) 799-7387
Listed By:
Kaysi Snyder · License #118502431,PersonLicenseNumber
(205) 799-7387
Source:
Exprealty
Added: Jun 30
Changed: Aug 31
Last Checked: Aug 30 at 7:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Legacy Group
Investment Insights
Based on property information with market context.
This offering combines an operating convenience store business with the underlying land and building. The property measures 3,600 square feet and includes parking for customers, straightforward site access, and a commercial storefront configuration suited to continued convenience retail use.
Located at 1040 US Highway 43 in Eutaw, Alabama, the property fronts a well-traveled roadway with road exposure and customer access from the highway. The sale encompasses the real estate and business together, providing a single acquisition for continued operation or a future redevelopment plan.
Located at 1040 US Highway 43 in Eutaw, Alabama, the property fronts a well-traveled roadway with road exposure and customer access from the highway. The sale encompasses the real estate and business together, providing a single acquisition for continued operation or a future redevelopment plan.
Key Highlights
- 3,600‑square‑foot convenience store property
- Sale includes the land, building, and established convenience store business
- Ample on‑site parking with easy customer access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,295
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $45,295 @ 7.0% cap · market cap 6.97%
Second Best
Retail
$577.5K
$505.4K – $673.8K
NOI $40,428 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$865.1K
$757.0K – $1.01M
NOI $60,558 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established convenience store business with land, building, parking, and direct customer access along a well-traveled roadway.
Where is this grocery and convenience store located?
The property is located at 1040 Us Highway 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: 3,600‑square‑foot convenience store property; Sale includes the land, building, and established convenience store business; Ample on‑site parking with easy customer access
