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Auto Service - Gas-Conv

Casey's

5951 Airport Rd, Temple, TX 76504

Listing Price: $9,555,000

Cap Rate
5.20%
Tenant Name
Casey's
Years Remaining On Lease
11.7
Gross SF
6,013
Guarantor
Corporate Guarantee
Rentable SF
6,013
Price/Gross SF
$1,589.06
Lease Type
Absolute Net
Rent Per Square Feet
$82.63

Investment Overview

Casey’s is a major American chain of convenience stores and gas stations and the 3rd Largest C-Store operator in the US. Founded in 1959, the company has grown into a dominant retail powerhouse headquartered in Ankeny, Iowa. As an essential fixture of Middle America, Casey’s operates as a unique hybrid of a gas station, grocery store, and restaurant.

Temple, Texas is a rapidly expanding commercial hub in Central Texas, positioned directly along the highly traveled Interstate 35 corridor. With a population of over 87,000 and steady projected growth, it serves as a regional anchor for healthcare, logistics, and manufacturing.

Investment Highlights

  • 11.5+ Years Remaining on Corporate Absolute NNN Lease
  • 7.5% Rental Increases Every 5 Years With Multiple Renewal Options
  • Tenant is the 3rd Largest C-Store Operator in the US With ±2,921 Stores Across 20 States - Fortune 500 Company
  • Signalized Hard Corner Location Visible by 27,920+ Cars per Day Along Airport Rd
  • Adjacent to Baylor Scott & White Medical Center and Corporate Office - a Specialized, Multi-Facility Medical and Administrative Compound
  • 83,809 Residents within a 5-Mile Radius - Projected to Increase 5.97%+ by 2030
  • Average Household Income Exceeds $93,000 in the Surrounding Area

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Auto Service - Gas-Conv

Casey's

Listing Price: $9,555,000

Cap Rate
5.20%
Tenant Name
Casey's
Years Remaining On Lease
11.7
Gross SF
6,013
Guarantor
Corporate Guarantee
Rentable SF
6,013
Price/Gross SF
$1,589.06
Lease Type
Absolute Net
Rent Per Square Feet
$82.63

Investment Highlights

  • 11.5+ Years Remaining on Corporate Absolute NNN Lease
  • 7.5% Rental Increases Every 5 Years With Multiple Renewal Options
  • Tenant is the 3rd Largest C-Store Operator in the US With ±2,921 Stores Across 20 States - Fortune 500 Company
  • Signalized Hard Corner Location Visible by 27,920+ Cars per Day Along Airport Rd
  • Adjacent to Baylor Scott & White Medical Center and Corporate Office - a Specialized, Multi-Facility Medical and Administrative Compound
  • 83,809 Residents within a 5-Mile Radius - Projected to Increase 5.97%+ by 2030
  • Average Household Income Exceeds $93,000 in the Surrounding Area

Investment Overview

Casey’s is a major American chain of convenience stores and gas stations and the 3rd Largest C-Store operator in the US. Founded in 1959, the company has grown into a dominant retail powerhouse headquartered in Ankeny, Iowa. As an essential fixture of Middle America, Casey’s operates as a unique hybrid of a gas station, grocery store, and restaurant. Temple, Texas is a rapidly expanding commercial hub in Central Texas, positioned directly along the highly traveled Interstate 35 corridor. With a population of over 87,000 and steady projected growth, it serves as a regional anchor for healthcare, logistics, and manufacturing.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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