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Auto Service - Gas-Conv

CEFCO Gas & C-store | Fike’s Parent Company Guarantee w/ $1.5B+ in Revenue

801 S Commerce St, Overton, TX 75684

Listing Price: $3,790,000

Cap Rate
4.75%
Tenant Name
Fikes Wholesale, Inc., a Texas Corporation
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$1,263.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.01

Investment Overview

Fikes Wholesale, Inc. -- parent company of CEFCO -- is a privately held company headquartered in Temple, Texas that has been in business since the 1950s and has grown to a more than $1.6 billion company with 200+ stores and 3,000+ employees in six states, making it among the largest privately-held convenience store chains in the United States. The City of Overton, Texas is located both in Rusk and Smith counties, as well as two metropolitan areas: the Longview Metropolitan Statistical Area, and the Tyler Metropolitan Statistical Area. Overton lies approximately 10 miles south of Kilgore (25 miles south of Longview), 15 miles west of Henderson and 20 miles southeast of Tyler.

Investment Highlights

  • Brand New 15 Year Absolute Triple-Net (NNN) Corporate Lease
  • Guaranteed by Fikes Wholesale, Inc. with 2021 Revenue in Excess of $1.5 Billion
  • Annual Rental Increases and Multiple Renewal Options
  • Direct Connection to Central Overton and National Retailers Dairy Queen, Dollar General, Family Dollar, Dollar Tree, and Brookshire's Supermarket
  • Subject Property is Only Two Miles from Texas A&M AgriLife Research and Extension Center; Texas A&M AgriLife Research is the State's Premier Research and Technology Development Agency in Agriculture, Natural Resources, and the Life Sciences
  • Three Miles to High Hill Farm Corporate Retreat and Premium Event Venue
  • Highly Connected Location along State Highway-135
  • Central Location Between Major City Centers - Dallas, Austin, and Houston

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Auto Service - Gas-Conv

CEFCO Gas & C-store | Fike’s Parent Company Guarantee w/ $1.5B+ in Revenue

Listing Price: $3,790,000

Cap Rate
4.75%
Tenant Name
Fikes Wholesale, Inc., a Texas Corporation
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$1,263.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$60.01

Investment Highlights

  • Brand New 15 Year Absolute Triple-Net (NNN) Corporate Lease
  • Guaranteed by Fikes Wholesale, Inc. with 2021 Revenue in Excess of $1.5 Billion
  • Annual Rental Increases and Multiple Renewal Options
  • Direct Connection to Central Overton and National Retailers Dairy Queen, Dollar General, Family Dollar, Dollar Tree, and Brookshire's Supermarket
  • Subject Property is Only Two Miles from Texas A&M AgriLife Research and Extension Center; Texas A&M AgriLife Research is the State's Premier Research and Technology Development Agency in Agriculture, Natural Resources, and the Life Sciences
  • Three Miles to High Hill Farm Corporate Retreat and Premium Event Venue
  • Highly Connected Location along State Highway-135
  • Central Location Between Major City Centers - Dallas, Austin, and Houston

Investment Overview

Fikes Wholesale, Inc. -- parent company of CEFCO -- is a privately held company headquartered in Temple, Texas that has been in business since the 1950s and has grown to a more than $1.6 billion company with 200+ stores and 3,000+ employees in six states, making it among the largest privately-held convenience store chains in the United States. The City of Overton, Texas is located both in Rusk and Smith counties, as well as two metropolitan areas: the Longview Metropolitan Statistical Area, and the Tyler Metropolitan Statistical Area. Overton lies approximately 10 miles south of Kilgore (25 miles south of Longview), 15 miles west of Henderson and 20 miles southeast of Tyler.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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