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$ 2,500,000
Est. payment /mo
New
3011 S 3RD ST Memphis, TN 38109
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Ws Highway 61 Nw Cor Peebles Road
MLS Listing ID 10234008
Year Built 2025
Annual Tax Amount $1,900
Property Sub-Type Commercial
Property Description
A rare chance to acquire a brand-new (July 2025) Valero station on a high-traffic Memphis corridor. This turnkey 24/7 operation is generating $3.84M+ annualized revenue with significant upside, as beer/wine, lottery, and full EBT are not yet active. Verified performance includes 82K–99K+ monthly fuel gallons, $79K–$110K+ inside sales, 860+ daily customers, and $25K–$32K/month in hot food (47% attach rate, far above industry norms). Major upside: beer/wine (10-door cooler built), Tennessee lottery, and optimized EBT could add $250K–$460K+ annually. Includes three parcels with expansion potential (additional pumps). Brand-new ~2,440 SF store with modern POS, kitchen, canopy, and strong visibility at US Hwy 61 & Peebles Ave (43K+ population).
Location
State TN
County Shelby
Area South Memphis/61 Hwy
Zoning CMU-3
Interior
Heating Central
Cooling Central Cooling
Flooring Tile
Inclusions Building and Land
Exterior
Parking Features Concrete
Roof Type Metal
Building
Story 1
Foundation Slab
Water Electric Hot Water
Others
Miscellaneous Security System
Listed by Sabir Alshoja • Fast Track Realty, LLC