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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

408 Rockmart Rd Villa Rica, GA 30180-1126

2,091 SF 0.44 ac lot Built 1986
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US22-0312461
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established Citgo-branded convenience store located at 408 Rockmart Rd, Villa Rica, GA 30180. The property sits on a 0.48-acre lot and features a 2,200 square foot building with an additional 400 square feet of rentable space, totaling 2,600 square feet. The store boasts a strong sales history, generating approximately $28,000 monthly in grocery sales, $25,000 in gas sales, $1,000 in lottery commission, and $1,000 in monthly U-Haul rental income. The property is offered at an asking price of $1,950,000, reflecting a price per square foot of $886.36. The business includes two gas pumps and benefits from a long-term lease agreement (triple-net lease) with 7 years remaining on the COAM and gas contracts. The property is zoned for commercial use and is situated in a desirable location near a large mobile home park and soccer fields. The current owner is seeking retirement after over 12 years of operation and believes the business has significant potential for growth under new ownership. The business is also available for sale separately for $300,000 plus inventory at cost. A 10-year lease is available at $6,500 per month (triple-net). All cash offers are preferred, and proof of funds is required from serious buyers. The property is classified as Class B and features a credit-rated tenant with a corporate guarantee.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1986
Construction CONCRETE BLOCKS
Total area 2,091 SF
Lot 0.44 ac (19,166 SF)
Zoning code GC
APN V03-006-0003
UPID US22-0312461
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
Current use
Occupant on record · Public records
  • U-Haul Neighborhood Dealer Car Rental Facility
  • ATM (Open Pantry) Atm
  • Citgo Gas Station
  • Open Pantry Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Deep Corp · 17 yrs held
Deep Corp
since 2009
7 recorded transactions
2009
$300,000
2009
$300,000
2009
$333,592
2009
Price N/A
2005
$451,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GC · Villa Rica, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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