C-Store, RV Park, Real Estate

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Price Reduced - More than $500k Below Appraised Value
Asking Price:
$2,300,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$200,000
included in asking price

Real Estate:
$2,630,000
included in asking price

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Business Description

Multiple business property includes real estate, c-store, restaurant, RV park and another building under a Lease Agreement.

Benchmark Business Brokers presents property for sale with four revenue centers. This property, buildings and businesses appraised in May, 2017 for $2,820,000.

The buildings were built in 2003 and remodeled in 2016.
This property sits on approximately 4.9 acres on busy Hwy, I-65 North. Traffic count on this highway is estimated to be 160,000+ cars per day.

Property is 1.6 miles North of Century Link Corporate Headquarters. Century Link is the largest private employer in the State of Louisiana. The property is less than 1 mile from Frenchman’s Bend subdivision, a golf course community with approximately 600 high end homes. There are several other neighborhoods surrounding the property with new construction of apartment complexes, office buildings and retail stores.

There is Gross Leasable Area of 21,560 which includes a C-store, Cheerleader and Sports Academy, restaurant (closed in April 2019) and RV park all on the property. The Cheer Academy currently pays monthly rent and has a Lease Agreement in place for 20 years. The C-store has 6 more months left on its Lease with current Lessee willing to negotiate a new Lease for the future. There are six, unbranded, covered, gas pumps and very clean restrooms in the c-store.

There is a RV park on-site with 25 RV spots, currently there are 18 paying rent. The RV park has the potential to double in size by utilizing part of the property that is undeveloped. Improvements can be made to the park to further increase traffic such as installing fountains, enhanced landscaping, create outdoor living areas and provide amenities (grills, outdoor furniture, playgrounds, etc.)

The RV park caters to travelers, construction workers and fisherman. Black Bayou Lake National Wildlife Refuge is 1.2 miles away.

Agent is Licensed by the Louisiana Real Estate Commission.
Agent is sponsored by Coldwell Banker Group One Realty.
2120 Cypress St., West Monroe, LA. 71291. (318) 362-0007
Licensed in Louisiana.
Each office is independently owned and operated.

About the Business

Location:
Monroe, Louisiana
Year Established:
2003
Real Estate:
Owned
Building Sq. Ft.:
21,200
Facilities:
The property and c-store/restaurant can be re-purposed as an Auto body shop, hardware store, liquor store, amusement park, grocery store, motorcycle/ATV dealership or big box restaurant. There are many possibilities.

The restaurant is well-furnished with unique elements, has high ceilings, an outdoor area with stage, bar and 3 private dining rooms. Most or all of the furniture, fixtures and equipment will remain with the sale. Equipment includes but is not limited to; newer point of sale system with printers, large walk-in cooler, Beverage Air 3 door reach-in, hand-sinks, 3 compartment sink with drainboards, complete HVAC, vent hoods with fire suppression, Hoshizaki ice machine, mixer, fryers, broiler, and numerous miscellaneous equipment
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About the Sale

Reason For Selling:
Owner is retiring

Listing Info

ID:
1657001
Ad Detail Views:
0

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Business Listed by

Marc L. Able

Benchmark Business Brokers
License# 0995691688

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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.