225 Main St Troutman, NC 28166
- Grocery and convenience stores
- 2,760 SF
- 0.40 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 225 Main St
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.40 lot acres
- Property size
- 2,760 SF
- Zone code
- CB
- Property type
- Grocery and convenience stores
- APN
- 4731-86-6438.000
- APU
- 4731866438000
Description
This exceptional turnkey gas station and convenience store, located at 225 N Main St, Troutman, NC, presents a unique investment opportunity. The 2,400 square foot property sits on a 0.398-acre lot on the heavily trafficked US Highway 21, offering unparalleled visibility and consistent customer flow. Its prime location is just five minutes from Interstate 77, providing easy access for customers from a wide area, including Charlotte (40 minutes away) and Statesville (20 minutes away). The property includes seven dedicated parking spaces and benefits from its proximity to various amenities such as Dunkin' Donuts, restaurants, a park, and a library. The existing business boasts strong financial performance, with monthly gasoline sales averaging 80,000-90,000 gallons, inside sales exceeding $50,000, and lottery sales exceeding $6,000. Additional revenue streams are generated from gaming machines and ATM services. The property is zoned CB and has a Class A rating, built in 2000. The current owner is retiring, making this a rare chance to acquire an established, profitable business with significant growth potential. Lease terms are $6,500 per month (Triple Net Lease). The business has a reported goodwill value of $350,000 plus inventory. This is a truly remarkable opportunity for an investor seeking a high-performing, established business in a desirable location. The APN is 4731866438.000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $330,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $315,000
- Mixed-Use
- $320,000
- Hospitality
- $310,000
- Educational
- $345,000
- Residential Income
- $400,000
- Energy
- $400,000
- Income-Based Land
- $355,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Troutman
- County
- Iredell
- State
- North Carolina
- Longitude
- -80.891
- Latitude
- 35.704
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA