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
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.
CEFCO Gas & C-Store | New 15 Yr. NNN | 2022 Build | $1.5B+ Revenue
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
Auto Service - Gas-Conv
CEFCO Gas & C-Store | New 15 Yr. NNN | 2022 Build | $1.5B+ Revenue
Listing Price: $7,636,000
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.
