US Highway 287 & State Highway 19 | Palestine, TX 75803
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US Highway 287 & State Highway 19
Palestine, TX 75803
Kim's C-Store - Palestine, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located Within an Opportunity Zone Which Allows the Landlord to Take Advantage of the Tax Benefits Offered in the 2017 Tax Cuts and Jobs Act*
- Healthy EDITBAR/Rent Coverage Ratio: 2.44x**
- High Volume Convenience Store: Site Will Feature 6 MPD’s For Gasoline
- Brand New Construction on a 15 Year Absolute Triple Net (NNN) Lease to Begin at the Close of Escrow
- 7.5% Rental Increases Every 5 Years Provides a Secure Hedge Against Inflation
- Experienced Regional Operator With 18+ Locations and Growing
PROPERTY FACTS
Property Type
Retail
Building Size
5,165 SF
Building Class
B
Construction Status
Proposed
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.38 AC
PROPERTY TAXES
| Parcel Number | R853368 | Improvements Assessment | $1,246,658 |
| Land Assessment | $181,504 | Total Assessment | $1,428,162 |
PROPERTY TAXES
Parcel Number
R853368
Land Assessment
$181,504
Improvements Assessment
$1,246,658
Total Assessment
$1,428,162
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