Building Details

Year Built 2007

Year Renovated 2025

Buildings 1

Stories 1

Units 1

Listing Agency: Aegis Commercial Real Estate LLC

Listed By: Jared Dison · License #AL 000110309

Source: Crexi

Added: Nov 17, 2025 Changed: Oct 3 Last Checked: Oct 12 at 4:42PM

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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 Aegis Commercial Real Estate LLC

Investment Insights

Based on property information with market context.

Located at the corner of Hwy 24 and County Road 327, this 3-acre property offers a redevelopment opportunity for a convenience store or travel stop. The site features 530 feet of frontage on Hwy 24 and 175 feet on CR 327, providing visibility and access. The existing building, previously a steakhouse, includes a new roof, a new HVAC unit, a commercial kitchen equipped for high-volume hot food operations, three-phase power, and an engineered septic system. The open dining and retail layout is suited for a hybrid convenience store model emphasizing fresh food and grab-and-go service. Marathon Oil Corporation provides an incentive package, including 10 new pumps, underground tanks, and canopy. The property is positioned to establish a high-throughput travel center in a growing North Alabama market.

Key Highlights

• Prime 3‑acre corner lot with high visibility at Hwy 24 and County Road 327.
• $800,000 incentive package from Marathon Oil Corporation, including 10 new pumps, underground tanks, and canopy.
• High‑exposure redevelopment opportunity for a destination‑grade convenience store/travel stop.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,924

Cap Rate

3.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,058,480 $1.1M

Cap Rate 7%

$756,057 $756.1K

Cap Rate 9%

$588,044 $588.0K

Market Conditions

NOI Build-Up for 4,744 SF

Gross rent

$75.7K $15.96/SF

− Vacancy

−$5.1K −$1.09/SF

EGI

$70.6K $14.87/SF

− OpEx

−$17.6K −$3.72/SF

NOI

$52.9K $11.16/SF

Area

Morgan County, AL

Vacancy

6.80%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,058,480

Cap Rate 7%

$756,057

Cap Rate 9%

$588,044

Alternative Uses

Best Use

Specialty Retail

$756.1K

$661.6K – $882.1K (±1% cap)

NOI $52,924 @ 7.0% cap · market cap 3.53%

Second Best

Retail

$560.5K

$490.4K – $653.9K (±1% cap)

NOI $39,232 @ 7.0% cap · market cap 2.62%

Theoretical Best

Office A

$987.0K

$863.6K – $1.15M (±1% cap)

NOI $69,088 @ 7.0% cap · market cap 4.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Gas stations

Suggested Use

Top Pick Storage Facility Restaurant Carpet & Flooring Store Auto Parts Store Barber Shop Auto Repair Shop

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

42

Businesses Nearby

Explore this area Business Placement

Demographics for 35673, AL

8,100

Population

3,561

Households

2.3

Avg Household Size

42

Median Age

13%

College-Educated

86%

High-School Grad

46.2 sq mi

ZIP Area

175

Density / Sq Mi

$75,366

Median Household Income

$42,307

Median Earnings

$730

Median Rent

$191,400

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

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What type of property is this? Where is this gas stations 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?

Gas station - Prime corner lot suitable for a destination-grade convenience store.

Where is this gas station located?

The property is located at 24141 AL Hwy 24 Trinity, AL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Prime 3‑acre corner lot with high visibility at Hwy 24 and County Road 327.; $800,000 incentive package from Marathon Oil Corporation, including 10 new pumps, underground tanks, and canopy.; High‑exposure redevelopment opportunity for a destination‑grade convenience store/travel stop.