Profitable Gas Station for Sale in Lexington, NC

Discover this absentee-owned gas station with an impressive monthly net profit exceeding $17,500, located on a 0.68-acre property in Lexington, NC. The asking price has been reduced to $1,599,000 plus inventory. With a cap rate surpassing 13%, an owner-operator could earn over $20,000 monthly, translating to more than $240,000 annually. Gas sales yield over $15,000 monthly, with outside sales of 79,000 gallons at favorable margins. Inside sales average $42,000 monthly at 25% margins, bolstered by the recent addition of EBT. Additional income streams include $300 monthly from ATM and Bitcoin commissions and $700 from a food truck rental. The property is strategically positioned in a high-traffic area with 11,000 vehicles daily. Lexington is experiencing significant growth, highlighted by the opening of Siemens Mobility's $220 million facility, which is expected to create over 500 jobs by 2028, contributing $1.6 billion to the local economy. The area is also seeing new residential developments and has a local population growing at 3% annually. Nearby schools and popular dining establishments enhance the appeal of this location, which is conveniently located within a 30-minute drive from major cities.