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Operating Shell Convenience
Store and Retail Center
Highly profitable Owner Operated
Business
Plus Real Estate
3452 Jodeco Road, McDonough, GA 30253
Sealed bids due: 5:00 PM, Monday,
February 5
Live auction: Wednesday, February 7 (for top bidders only)
Please
Note: Brochure updated frequently. |
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Auction Date:
Sealed Bids Due:
5:00 PM, Mon, Feb. 5
Live Auction Date:
for top bidders only, Wed, Feb 7 at a time and place to be announced
to the qualifying high bidders
Property Highlights:
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Operating Shell Convenience Store and
Retail Center
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Highly profitable Owner Operated
Business Plus Real Estate on Jodeco Rd in McDonough, GA
This is an operating Shell
convenience store with two adjoining rental bays. The building is 6,384
square feet and sits on 1.57 acres. We are selling the land, the
building and pumps, the convenience store business, and the rental
income from rental bays. The convenience store inventory will be sold to
the buyer at seller's actual cost. This is an almost-new facility,
constructed in 2004.
The property is located just east of I-75, and is surrounded by existing
and new residential and commercial development. Henry County is one of
the fastest growing counties in the US.
Recent outside sales have been approximately 70,000 gallons per month.
Inside sales are approximately $50,000 per month, not including lottery,
game machines, ATM commission air, vacuum, and telephone. Please
complete this
CONFIDENTIALITY AGREEMENT (pdf) to receive
actual 2006 detailed operating income and expense information. The
property was appraised May 13, 2004 prospectively as of January 13, 2005
for $1,670,000.
View Appraisal
Directions:
From Atlanta take I-75 South to Jodeco Road (Exit 222). Turn left onto
Jodeco Road (towards Flippen). Go one mile. Property is on the right.
Inspection Dates: Wednesday, January 24 and Jan 31, from 1:00 to
3:00 PM and by appointment. Please respect the business operations.
SEALED BIDS: All bidders must submit an initial offer as a sealed
bid by using the Auction Purchase and Sale Agreement for the property.
The Agreement must be accompanied by a $25,000 initial deposit in the
form of a Cashier's check and a signed Terms and Conditions of Sale
Bidders Affidavit. The Agreement and Affidavit are available for
download at www.interstateauction.com or upon request by calling 404 303
1232. The sealed bids must be delivered to Interstate Auction Company,
1100 Johnson Ferry Road NE, Suite 588, Atlanta, Georgia 30342
(404-303-1232) by 5:00 P.M. MONDAY, FEBRUARY 5, 2007. The sealed bids
shall set forth the price which the bidder commits to pay to purchase
the property subject to all terms of the sale.
BEST AND FINAL LIVE AUCTION FORMAT: A best and final live auction
may be conducted on Wednesday, February 5 at a time and place to be
announced to the qualifying high bidders. Up to the 5 highest qualified initial bidders, based on their
sealed bids, may be invited to participate in the Best and Final Live
Auction. The final auction, if held, will determine the high bidder for
the property. The Seller and Auctioneer reserve the right to make the
final decision regarding which Bidders will be invited to bid at the
Best and Final Live Auction, whether to accept the high bid, and further
reserve the right to accept the best initial sealed bid offer and not
offer the property at the Best and Final Live Auction. The Seller and
Auctioneer reserve the right, in their sole and absolute discretion, to
postpone or cancel the sealed bid auction, the live auction, or both.
The Best and Final Live Auction will not be a Public Auction. Only
invited bidders will be allowed to attend the Best and Final Live
Auction.
BIDDER'S DEPOSIT: An Initial Bid Deposit in the amount of $25,000
must accompany each sealed bid. The funds must be a certified bank check
or Cashier's check in U.S. Dollars from a U.S. bank made payable to
Interstate Auction Company. Upon acceptance of Bidder's offer, Bidder
must increase earnest money to 10% of the total purchase price (not
including the price of the inventory) within 2 business days of
acceptance.
TOTAL PRICE INCLUDING INVENTORY:
The bid amount to be entered on the Bid Form is for the real estate and
convenience store business. Purchaser will pay for the inventory on hand
at closing to Seller, based on Seller's actual cost. A complete
inventory will be taken the day of closing.
CONFIDENTIALITY AGREEMENT: A
confidentiality agreement will need to be completed and returned to
Interstate Auction Company via fax (404-303-7997), mail, overnight
delivery, or in person at: 1100 Johnson Ferry Road, NE, Suite 588,
Atlanta, GA 30342 (404-303-1232). Upon receipt of a properly completed
Confidentiality Agreement, detailed financial information may be
provided to prospective bidders.
Click here for the Confidentiality Agreement form.
Additional Property Info:
Documents
Photos
Click on Image To Enlarge:
Call for disclosure information &
bidding instructions.
Sperry Van
Ness/INTERSTATE AUCTION COMPANY
404-303-1232
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