This is a unique investment opportunity in Washington County, MS. McGaugh Grocery is an established convenience store that has been in business since 1982. It offers a full line of grocery and deli items, frozen foods, cold drinks, along with minnows, worms and other bait and tackle. Fully equipped kitchen and dining area that are currently used for serving breakfast and lunch daily. Equipment ($30,000 +/-) and inventory ($12,000 +/-) are included with the sale. This area could easily be closed off and redesigned for other uses such as leasing to other vendors. Under the same roof, find a 3 bedroom, 2 bathroom apartment. The owners currently occupy this, but it could be rented out for additional $8000 - $11000 per year income. There is also a 1 bedroom, 1 bath apart-ment that is not currently being rented, but would potentially yield an additional $6000 per year in income. Whether you choose to hire management, or operate the business yourself, you could easily own and manage while living on site, or lease the two apartments for additional income. Current capitalization rate is 21%, and this doesn't include income from apartment rent. The store is located on a 4 lane highway in North Greenville. There are lots of industries and homes in the area which drive business and keep traffic steady. The manufacturing facility across the street keeps the breakfast and lunch line busy daily, and Lake Furgeson keeps the fishing tackle moving off the shelves.
813 N Broadway Street, Greenville, Mississippi 38701
Directions: From Greenville, MS travel MS-82 W toward Martin Luther King Jr. Drive. Turn a right on N Main Street and travel 0.9 miles. Turn right on S Broadway St and go 1 mile, the store will be on the right.
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David moved to Warren County, Mississippi in 1994 and spent his high school years at St Aloysius High School in Vicksburg. After graduation, he went to Hinds Community College and then on to Belhaven University playing baseball and football. David worked in the restaurant business during college and continued for 24 years working in all aspects of the industry from management, ownership, to commercial food sales. He enjoyed meeting people and making friends from all over the world; no matter where David is he seems to run in to someone he calls a friend! His passion for the outdoors and people have lead him to a career in Real Estate.
With a long career in the service industry, David learned that nothing is more important than God and family, and to treat every person as they are part of it. David is the grandson of a Texas cattle rancher and grew up respecting the land and the wildlife on it. He learned to love the land at a young age through spending time with his father hunting and fishing. The appreciation of land, and the need to care for it, has passed thru his family for generations. David really has a calling for helping others and understands the care people deserve. Making dreams of owning a home or property a reality is of the upmost importance to David. His passion and dedication will make him the right agent for you!
David and his girls, Avery and Alese, are residents of Rankin County. Avery attends Brandon High School and can usually be found on a soccer field. Alese attends Samford University in Birmingham, Alabama. This trio enjoys spending time together hiking, traveling, and hunting. And from time to time, David endures shopping with the girls!