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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

225 Main St Troutman, NC 28166

2,760 SF 0.4 ac lot Built 1975
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US53-2444309
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,760 SF
Lot 0.4 ac (17,337 SF)
Zoning code CB
APN 4731-86-6438.000
UPID US53-2444309
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Akshar Raj LLC · 6 yrs held
Akshar Raj LLC
since 2019
4 recorded transactions
2021
Price N/A
2019
$425,000
2017
$180,000
1969
Price N/A
Zoning & alternative use
CB · Troutman, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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