Listing Summary
High-volume Gas Station & C-Store w/ real estate in Lexington, NC! $1,515,000 (13.86% Cap Rate). $15K/mo gas profit (79K gal/mo), $17.5K/mo net profit. Call (770) 664-9999!
Full Description
High-Volume Gas Station, C-Store & Commercial Real Estate For Sale: 1429 Cotton Grove Road, Lexington, NC
Offering an extraordinary 13.86% Cap Rate backed by $15,000+ in monthly fuel profits and massive regional industrial growth, this 1,220-square-foot gas station and convenience store property at 1429 Cotton Grove Road, Lexington, NC 27292 represents a premier commercial acquisition in Davidson County. Offered at a firm bottom-line price of $1,515,000 (plus inventory at cost), this turn-key business and real estate asset generates a stabilized $210,000 Net Operating Income (NOI) on a high-visibility 0.51-acre to 0.68-acre commercial parcel.
Currently operated 100% absentee by a seller unable to manage daily operations, the business nets over $17,500 per month after paying $4,750 in payroll and all operating expenses (before mortgage). An active owner-operator replacing management overhead can immediately capture over $20,000 per month ($240,000+ annually) while capitalizing on newly added EBT processing and Lexington's massive economic boom.
Financial Performance & Property Specifications
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Bottom-Line Asking Price: $1,515,000 (Includes Business Value & Commercial Real Estate Property + Inventory)
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Cap Rate: 13.86% Cap Rate
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Net Operating Income (NOI): $210,000 / Year
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Building Size & Class: 1,220 SF Free-Standing Retail C-Store (Class B / Built 1984)
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Price Per Square Foot: $1,241.80 / SF
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Parcel Size & Frontage: 0.51 - 0.68 Acres | 171 Feet Direct Frontage on Cotton Grove Rd
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Zoning & Amenities: Zoning B (Commercial) | Pylon Signage & Dedicated Surface Parking (8 Spaces)
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Monthly Outside Fuel Sales: 79,000 Gallons / Month Average
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Fuel Margins: Outstanding 17 Cents / Gallon on Regular & 60 Cents / Gallon on Diesel
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Monthly Gas Profit: $15,000+ / Month
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Fuel Supply Agreement: Favorable Rack +1 Jobber Contract with Approximately 8 Years Remaining
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Monthly Inside Store Sales: $42,000 / Month Average (25% Profit Margins)
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Passive Auxiliary Income: $700 / Month Food Truck Site Rent + $300 / Month ATM & Bitcoin Commissions
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Seller Net Monthly Profit: $17,500+ / Month (Net of $4,750 Management Payroll)
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Owner-Operator Net Income Potential: $20,000+ / Month ($240,000+ Annually)
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Broker Representation: River Brokers — Direct Contact: (770) 664-9999 | info@riverbrokers.com
Substantial Growth Catalysts & Operational Upside
Engineered for immediate sales acceleration under hands-on ownership:
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Newly Integrated EBT / SNAP Processing: EBT acceptance was recently activated at the store. As local residential neighborhoods learn of EBT availability, inside grocery and packaged food sales are projected to climb significantly.
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Hands-On Store Operations: Eliminating absentee management inefficiencies, refining product merchandising, expanding hot food/deli offerings, and enhancing customer service will drive higher average basket sizes.
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Food Truck Synergy: The existing food truck paying $700/month in site rent brings constant built-in foot traffic directly to the parking lot, boosting C-store beverage and impulse sales.
Explosive Lexington Market & "Carolina Core" Industrial Growth
Positioned in one of the Southeast's fastest-growing manufacturing and economic corridors:
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Siemens Mobility $220 Million Flagship Facility: Lexington is experiencing transformational growth driven by Siemens Mobility’s brand-new $220M advanced rail manufacturing facility—the largest economic development project in the city's history, adding 500+ high-paying engineering and manufacturing jobs and $1.6 Billion to the state economy.
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Mega-Regional Manufacturing Hub: Located within North Carolina's "Carolina Core" and Piedmont Triad region, surrounded by mega-projects including Toyota Battery, Boom Supersonic, VinFast, and JetZero.
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Rapid Residential Population Growth: Local trade area population is expanding at 3% annually. New nearby residential developments include a 120-unit apartment complex, a 54-unit senior living community, and several newly approved single-family subdivisions.
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Dense Multifamily Footprint: Directly serves surrounding apartment developments including The Arbor at Cotton Grove, The Reserve at Regents Center, Hilltop Terrace Apartments, Fairview Village, and Royal 8 Apartments.
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Surrounding K-12 Educational Anchors: Located near Lexington Senior High, Lexington Middle, South Lexington School, and Pickett Elementary (collectively serving over 2,000 students, faculty, and daily parents).
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High Traffic & Commercial Retail Corridors: Captures 11,000 vehicles per day along Cotton Grove Road near major dining anchors (Chick-fil-A, Starbucks, Applebee's, IHOP, McDonald's, Cook Out, Cracker Barrel).
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Strategic Triad & Metrolina Connectivity: Positioned 30 minutes from Winston-Salem, Greensboro, and High Point; 1 hour from Downtown Charlotte; and under 2 hours from Raleigh-Durham.
Whether you are a commercial real estate investor seeking a 13.86% Cap Rate gas station asset, a fuel distributor, or an owner-operator wanting $240,000+ in annual net income in North Carolina's booming Piedmont Triad, 1429 Cotton Grove Road delivers exceptional fuel margins, strong real estate backing, and massive regional growth.
Quick Glance
- Listing ID:
CL-North Carolina-28
- Status:
Active
- Year Build:
1984
- Building Size:
1,220 SqFt
- Lot Size:
0.51 Acr
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Virtual Tour