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CEFCO (Casey's) 16158 State Highway 31 W 6,739 SF Retail Building Tyler, TX 75709 $7,081,000 ($1,050.75/SF) 5% Cap Rate



INVESTMENT HIGHLIGHTS
- 2019 Construction. 6,739+/- SF Building. 5.72+/- Acre Site
- Proximity to Regional Demand Drivers- 2 Mi. from Tyler Pounds Regional Airport (50,000+ Annual Flights)
- Corporate CEFCO Backed by Casey’s General Stores (3rd Largest C-Store Chain in U.S.) – Casey’s Purchased CEFCO in 2024 in $1.145-billion Acquisition
- Large Truck Stop Site (5.72 AC) with Excellent Visibility & Access – Prime Location Along State Highway 31 W (21,820+ VPD)
- Tyler Is the Commercial and Cultural Capital of the East Texas Region – 80 miles from both Dallas, TX & Shreveport, LA
- Tyler | Ranked 9th Best Southwest City for Economic and Job Growth | Population: 113,030+
EXECUTIVE SUMMARY
11+ Years Remaining on Abs. NNN Lease with 7.5% Rent Increases in Primary Term & Option Periods, Plus (6) 5-Year Options to Renew
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,739 SF
Year Built
2019
Price
$7,081,000
Price Per SF
$1,050.75
Cap Rate
5%
NOI
$354,060
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
5.72 AC
Frontage
PROPERTY TAXES
| Parcel Number | 1-64966-0000-00-001010 | Improvements Assessment | $1,152,118 |
| Land Assessment | $747,882 | Total Assessment | $1,900,000 |
PROPERTY TAXES
Parcel Number
1-64966-0000-00-001010
Land Assessment
$747,882
Improvements Assessment
$1,152,118
Total Assessment
$1,900,000
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CEFCO (Casey's) | 16158 State Highway 31 W
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