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Casey's 5951 Airport Rd 6,013 SF Retail Building Temple, TX 76502 $9,555,000 ($1,589.06/SF) 5.20% Cap Rate
Investment Highlights
- 11.5+ Years Remaining on Corporate Absolute NNN Lease
- Tenant is the 3rd Largest C-Store Operator in the US With ±2,921 Stores Across 20 States - Fortune 500 Company
- Adjacent to Baylor Scott & White Medical Center and Corporate Office - a Specialized, Multi-Facility Medical and Administrative Compound
- 7.5% Rental Increases Every 5 Years With Multiple Renewal Options
- Signalized Hard Corner Location Visible by 27,920+ Cars per Day Along Airport Rd
- 83,809 Residents within a 5-Mile Radius - Projected to Increase 5.97%+ by 2030
Executive Summary
Casey’s is a major American chain of convenience stores and gas stations and the 3rd Largest C-Store operator in the US. Founded in 1959, the company has grown into a dominant retail powerhouse headquartered in Ankeny, Iowa. As an essential fixture of Middle America, Casey’s operates as a unique hybrid of a gas station, grocery store, and restaurant.
Temple, Texas is a rapidly expanding commercial hub in Central Texas, positioned directly along the highly traveled Interstate 35 corridor. With a population of over 87,000 and steady projected growth, it serves as a regional anchor for healthcare, logistics, and manufacturing.
Temple, Texas is a rapidly expanding commercial hub in Central Texas, positioned directly along the highly traveled Interstate 35 corridor. With a population of over 87,000 and steady projected growth, it serves as a regional anchor for healthcare, logistics, and manufacturing.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,013 SF
Building Class
C
Year Built
2020
Price
$9,555,000
Price Per SF
$1,589.06
Cap Rate
5.20%
NOI
$496,875
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.59 AC
Zoning
LI - Light Industrial
Frontage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 458507 | Improvements Assessment | $1,610,000 |
| Land Assessment | $340,902 | Total Assessment | $1,950,902 |
Property Taxes
Parcel Number
458507
Land Assessment
$340,902
Improvements Assessment
$1,610,000
Total Assessment
$1,950,902
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