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Auto Service - Gas-Conv

CEFCO Gas & C-Store | New 15 Yr. NNN | 2022 Build | $1.5B+ Revenue

309 US-59, Queen City, TX 75572

Listing Price: $7,636,000

Cap Rate
5.50%
Tenant Name
Fikes Wholesale, Inc., a Texas Corporation
Years Remaining On Lease
14.7
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$1,272.67
Lease Type
Absolute Net
Rent Per Square Feet
$70.00

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 seven states, making it among the largest privately-held convenience store chains in the United States.

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 16 Fueling Stations (Eight Pumps) for Cars and Six 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
  • Large Lot Size at Approximately 4.25 Acres
  • Signalized Hard Corner Location Visible to Over 19,600 Cars per Day
  • Easily Accessible Location Along US-59, Providing Direct Access to Texarkana

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 | 2022 Build | $1.5B+ Revenue

Listing Price: $7,636,000

Cap Rate
5.50%
Tenant Name
Fikes Wholesale, Inc., a Texas Corporation
Years Remaining On Lease
14.7
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$1,272.67
Lease Type
Absolute Net
Rent Per Square Feet
$70.00

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 16 Fueling Stations (Eight Pumps) for Cars and Six 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
  • Large Lot Size at Approximately 4.25 Acres
  • Signalized Hard Corner Location Visible to Over 19,600 Cars per Day
  • Easily Accessible Location Along US-59, Providing Direct Access to Texarkana

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 seven states, making it among the largest privately-held convenience store chains in the United States.

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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