3011 S Third St · Memphis, TN 38109 · Convenience / Fuel
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A rare opportunity to acquire a brand-new (July 2025), high-performing Valero station on one of Memphis' busiest commercial corridors. This turnkey 24/7 operation is generating $3.84M+ in annualized revenue with MASSIVE untapped upside -- beer, lottery, and full EBT are NOT yet active.
Priced below replacement cost at 0.83x normalized revenue. Three parcels included. Real estate included. SBA eligible.
FINANCIAL PERFORMANCE (Verified POS Data)
Annualized Revenue: $3.84M+
Monthly Fuel Volume: 82,000 - 99,000+ gallons
Monthly Inside Sales: $79,000 - $110,000+
Daily Customer Count: 860+
Avg Monthly Revenue (Aug-Dec): $326,546
Hot Food Revenue (Crazy Chicken): $25,000 - $32,000/month ($330K+/year)
47% hot food attach rate -- well above industry average of 3-5%
UNTAPPED REVENUE -- THE REAL STORY
This station is doing nearly $4M/year WITHOUT three of the highest-traffic, highest-margin categories in convenience retail:
BEER & WINE -- Not yet active. 10-door walk-in cooler already built. Est. $180K-$300K/year in additional revenue.
TENNESSEE LOTTERY -- Not yet active. 6.5% retailer commission. Est. $22K-$43K/year in pure profit.
FULL EBT/SNAP -- Not yet optimized. 43,000+ residents in trade area. Est. $50K-$120K/year additional.
COMBINED UNTAPPED: $252,000 - $463,000/year in additional revenue.
FUEL COST STRUCTURE (Graves Oil -- Valero)
Unleaded: $1.9855 + tax = $2.4488/gal landed
Diesel: $2.5517 + tax = $3.0854/gal landed
Premium: $2.7430 + tax = $3.2061/gal landed
Owner-delivery savings: 2c/gal margin advantage ($21K+/year)
12-year exclusive Valero supply agreement (rack + $0.01/gal)
THREE PARCELS INCLUDED
Main Property -- Operating gas station & C-store (Parcel 050-125-00009, ~0.34 acres)
Parcel 050125 00010 -- Acquired by seller, demolition in progress
Parcel 050125 00011 -- Acquired by seller, demolition in progress
Room for additional pumps (expand from 3 to 5+). All demolition costs borne by seller.
PROPERTY FEATURES
Brand-new construction -- July 2025, ~2,440 SF
24/7 operation
3 pumps (6 fueling positions) with Valero branded canopy
Crazy Chicken branded hot food kitchen with digital menu boards
10-door walk-in cooler (beer-ready)
Modern multi-register POS system
ATM on-site, propane exchange, security cameras
Corner lot: US Highway 61 & Peebles Avenue
High visibility with dedicated curb cuts
Dense trade area: 43,000+ population (ZIP 38109)
PRO FORMA
Conservative: $270K NOI -- 8.4% cap rate
Optimized: $378K NOI -- 11.8% cap rate
With beer/lottery/EBT: $450K+ NOI potential
TRANSACTION TERMS
Asking Price: $3,200,000 + Inventory at cost
Sale Includes: Business + Real Estate + All FF&E
Brand: Valero (transferable supply agreement)
Financing: SBA 7(a) eligible -- 15% down payment option
Due Diligence: 30-day inspection period
Closing: 45-60 days from executed LOI
NDA required for seller identification and full financial package.
Contact: deals@sabercre.com | sabercre.com
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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.