Skip to main content

Auto Service - Gas-Conv

CEFCO Gas & C-Store | New 15 Yr. NNN | Fike’s Wholesale | $1.5B+ Revenue

117 SW Fifth St, Cross Plains, TX 76443

Listing Price: $6,580,000

Cap Rate
5.20%
Tenant Name
Fikes Wholesale, Inc., a Texas Corporation
Gross SF
4,232
Guarantor
Corporate Guarantee
Rentable SF
4,232
Price/Gross SF
$1,554.82
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.85

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 250+ stores and 3,000+ employees in seven states, making it among the largest privately-held convenience store chains in the United States. CEFCO continues to grow by building new, ultra high-volume stores that dominate their respective markets with engaged employees, great food and great service in an exceptionally clean environment. Cross Plains is a town in Callahan County, Texas and is part of the Abilene Metropolitan Statistical Area. State highways 36 and 206 cross in the southern part of town, with Highway 36 leading northwest 45 miles to Abilene and southeast 39 miles to Comanche.

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
  • 7.5 Percent Rental Increases Every Five Years
  • Site Includes 12 Fueling Stations (Six Pumps) for Cars and Four Separate Fueling Lanes for Semi-Trucks in the Back of the Store Under a Separate Canopy
  • New CEFCO Kitchen Convenience Store Concept - Includes Made-to-Order Food Stations, Self-Ordering Kiosks, Beverage Machines, and a Range of Breakfast, Lunch, and Dinner Fare
  • Surrounded by National Retail Tenants, Including Subway, Dollar General, Dairy Queen, ExxonMobil, and 7-Eleven
  • Signalized Hard Corner Location Visible to Nearly 9,000 Cars per Day at the Intersection
  • Multiple Points of Ingress/Egress from S Main Street, SW Fifth Street, and Avenue E

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 | New 15 Yr. NNN | Fike’s Wholesale | $1.5B+ Revenue

Listing Price: $6,580,000

Cap Rate
5.20%
Tenant Name
Fikes Wholesale, Inc., a Texas Corporation
Gross SF
4,232
Guarantor
Corporate Guarantee
Rentable SF
4,232
Price/Gross SF
$1,554.82
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.85

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
  • 7.5 Percent Rental Increases Every Five Years
  • Site Includes 12 Fueling Stations (Six Pumps) for Cars and Four Separate Fueling Lanes for Semi-Trucks in the Back of the Store Under a Separate Canopy
  • New CEFCO Kitchen Convenience Store Concept - Includes Made-to-Order Food Stations, Self-Ordering Kiosks, Beverage Machines, and a Range of Breakfast, Lunch, and Dinner Fare
  • Surrounded by National Retail Tenants, Including Subway, Dollar General, Dairy Queen, ExxonMobil, and 7-Eleven
  • Signalized Hard Corner Location Visible to Nearly 9,000 Cars per Day at the Intersection
  • Multiple Points of Ingress/Egress from S Main Street, SW Fifth Street, and Avenue E

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 250+ stores and 3,000+ employees in seven states, making it among the largest privately-held convenience store chains in the United States. CEFCO continues to grow by building new, ultra high-volume stores that dominate their respective markets with engaged employees, great food and great service in an exceptionally clean environment. Cross Plains is a town in Callahan County, Texas and is part of the Abilene Metropolitan Statistical Area. State highways 36 and 206 cross in the southern part of town, with Highway 36 leading northwest 45 miles to Abilene and southeast 39 miles to Comanche.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
MM Textured Background Lower