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STNL Valero Gas Station | Texas 440 E Commerce St 2,400 SF Retail Building Fairfield, TX 75840 $1,231,250 ($513.02/SF) 8% Cap Rate
Investment Highlights
- 20 Year Absolute NNN Lease; Zero Landlord Responsibilities; Four 5-Year Option Periods; 40 Years of Potential Lease Term; 8 Existing Fuel Pumps
- Qualifies for Bonus & Accelerated Depreciation (Contact Your CPA for Details); Multi-Unit Operator; Corporate and Personal Guaranty
- Affluent Neighborhood with AHHI Exceeding $81,600 within 3 Mile; Median Texas Household Income is $73,000
- Attractive Hedge Against Inflation; 12.50% Rent Increase Every 5 Years; Strong Unit Level Sales and Attractive Rent Coverage Ratio
- Located on Commerce Street, the Main Retail Corridor in Fairfield; Fairfield is the Midway Point Between Dallas and Houston
Executive Summary
Perfect 1031 Exchange Property.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built
1992
Price
$1,231,250
Price Per SF
$513.02
Cap Rate
8%
NOI
$98,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.37 AC
Zoning
AA2
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 3844 | Improvements Assessment | $682,238 |
| Land Assessment | $38,480 | Total Assessment | $720,718 |
Property Taxes
Parcel Number
3844
Land Assessment
$38,480
Improvements Assessment
$682,238
Total Assessment
$720,718
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STNL Valero Gas Station | Texas | 440 E Commerce St
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