Skip to main content

Auto Service - Gas-Conv

Texaco (NASDAQ: ARKO) | DFW MSA | Long-Term Abs Net Lease | Leading U.S. Convenience Store Operator

701 N Belt Line Rd, Grand Prairie (DFW MSA), TX 75050

Listing Price: $1,356,409

Cap Rate
5.50%
Tenant Name
Texaco
Years Remaining On Lease
14.5
Gross SF
2,455
Guarantor
Corporate Guarantee
Rentable SF
2,455
Price/Gross SF
$552.51
Lease Type
Absolute Net
Rent Per Square Feet
$30.39

Investment Overview

Leading U.S. Convenience Store Operator

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Leading U.S. Convenience Store Operator. 7th Largest in the Nation with Over 2,926+ Locations Featuring Over $1.6 Billion In-Store Sales and Over 2.1 Billion in Gallons Sold in 2020.
  • This Location is Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics. Qualifies for Bonus Depreciation.
  • Positioned Along Area's Major Traffic, Business and/or Retail Corridor - Hard Corner Location and Features Easy Access and Excellent Visibility.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

Auto Service - Gas-Conv

Texaco (NASDAQ: ARKO) | DFW MSA | Long-Term Abs Net Lease | Leading U.S. Convenience Store Operator

Listing Price: $1,356,409

Cap Rate
5.50%
Tenant Name
Texaco
Years Remaining On Lease
14.5
Gross SF
2,455
Guarantor
Corporate Guarantee
Rentable SF
2,455
Price/Gross SF
$552.51
Lease Type
Absolute Net
Rent Per Square Feet
$30.39

Investment Highlights

  • Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
  • Leading U.S. Convenience Store Operator. 7th Largest in the Nation with Over 2,926+ Locations Featuring Over $1.6 Billion In-Store Sales and Over 2.1 Billion in Gallons Sold in 2020.
  • This Location is Substantially Below Replacement Costs. Recession and Covid-19 Resistant Retailer with Attractive Industry Dynamics. Qualifies for Bonus Depreciation.
  • Positioned Along Area's Major Traffic, Business and/or Retail Corridor - Hard Corner Location and Features Easy Access and Excellent Visibility.

Investment Overview

Leading U.S. Convenience Store Operator

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

MM Texture Background
MM Textured Background Lower