Building Details

Year Built 2001

Listing Agency: NextHome Legacy Group Show Phone

Listed By: Kaysi Snyder · License #118502431,PersonLicenseNumber Show Phone

Source: Exitrealty

Added: Jul 19 Changed: Oct 1 Last Checked: Oct 2 at 6:00PM

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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.

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 / 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

Is this asking price fair?

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. How Realmo checks its estimates

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Hair Salon Furniture & Home Goods Nail Salon Spa & Massage Center

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

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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 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