For Sale
$1,400,000

15820 Silverhill AveSilverhill, AL 36576

Profitable Gas & Convenience Store, Alabama

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A retail property, a Shell-branded gas station and convenience store, is available for sale at $1,400,000. Located at 15820 Silverhill Ave, Silverhill, AL 36576, this 1,736 square foot building sits on a 1-story structure built in 1949 and extensively renovated in 2023. The property boasts a 7.00% cap rate, a 20-year lease with a credit-rated tenant (Shell), and features 2 gas pumps, ample parking (38 spaces), and a large back room ideal for a deli or kitchen expansion. Currently vacant, the property offers significant upside potential with current monthly sales exceeding $92,000 (inside sales) and 37,000 gallons of gas sold monthly. The property is zoned COM and benefits from a ground lease and a 3% rent increase starting in year 11. This turnkey investment opportunity is perfect for owner-users seeking a high-return asset in a thriving Alabama community. The property includes a large parking lot and is situated in a high-traffic area of Silverhill. This is a rare chance to acquire a well-established, high-performing convenience store and gas station with significant growth potential.

Highlights

  • $1,400,000 asking price for a Class A retail property.
  • NNN lease, credit-rated tenant (Shell).
  • Vacant, 1,736 square feet, 20-year remaining lease term.
  • 7.00% cap rate, 38 parking spaces, 2 gas pumps.
  • Located at 15820 Silverhill Ave, Silverhill, AL 36576.

Property Details for 15820 Silverhill Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
1,736 SF
Class
A
Year Built/Renovated
1949/2023
Buildings
1
Stories
1

Location Insight

City
Silverhill
County
Baldwin
State
Alabama
Latitude
30.5453967
Longitude
-87.7536953
15820 Silverhill Ave, Silverhill, Alabama

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15820 Silverhill Ave
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