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Auto Service - Gas-Conv

CEFCO Gas & C-Store | Fikes Wholesale Corp

128 N Dickinson Dr, Rusk, TX 75785

Listing Price: $5,703,000

Cap Rate
6.00%
Tenant Name
Fikes Wholesale, Inc., a Texas Corporation
Years Remaining On Lease
13.5
Gross SF
4,232
Guarantor
Corporate Guarantee
Rentable SF
4,232
Price/Gross SF
$1,347.59
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.85

Investment Overview

Marcus & Millichap is pleased to present for sale CEFCO Gas & C-Store in Rusk, Texas. 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 nearly 200 stores and 3,000 employees throughout Texas, Mississippi, Alabama, and Florida, making it among the largest privately-held convenience store chains in the United States.

Rusk is a city in and the county seat of Cherokee County in eastern Texas. The second-largest city in Cherokee County, Rusk spans 6.82 square miles and is home to over 5,600 residents. It is located near the geographic center of the county at the junction of U.S. Highways 69 and 84, and State Highway 110.

Investment Highlights

  • New 15 Year Absolute Triple-Net (NNN) Corporate Lease (13.5 Years Remaining)
  • 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) and an Air Pump
  • 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 Tenants, Including Whataburger, Taco Bell, Dairy Queen, McDonald's, Sonic Drive-In, Family Dollar, and Pizza Hut
  • Signalized Hard Corner Location Visible to Over 17,600 Cars per Day at the Intersection
  • 38,101 Residents in the Surrounding Trade Area - Population and Households are Projected to Increase 2-3 Percent in a 10-Mile Radius by 2027

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 | Fikes Wholesale Corp

Listing Price: $5,703,000

Cap Rate
6.00%
Tenant Name
Fikes Wholesale, Inc., a Texas Corporation
Years Remaining On Lease
13.5
Gross SF
4,232
Guarantor
Corporate Guarantee
Rentable SF
4,232
Price/Gross SF
$1,347.59
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$80.85

Investment Highlights

  • New 15 Year Absolute Triple-Net (NNN) Corporate Lease (13.5 Years Remaining)
  • 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) and an Air Pump
  • 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 Tenants, Including Whataburger, Taco Bell, Dairy Queen, McDonald's, Sonic Drive-In, Family Dollar, and Pizza Hut
  • Signalized Hard Corner Location Visible to Over 17,600 Cars per Day at the Intersection
  • 38,101 Residents in the Surrounding Trade Area - Population and Households are Projected to Increase 2-3 Percent in a 10-Mile Radius by 2027

Investment Overview

Marcus & Millichap is pleased to present for sale CEFCO Gas & C-Store in Rusk, Texas. 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 nearly 200 stores and 3,000 employees throughout Texas, Mississippi, Alabama, and Florida, making it among the largest privately-held convenience store chains in the United States. Rusk is a city in and the county seat of Cherokee County in eastern Texas. The second-largest city in Cherokee County, Rusk spans 6.82 square miles and is home to over 5,600 residents. It is located near the geographic center of the county at the junction of U.S. Highways 69 and 84, and State Highway 110.

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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