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
14.3
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
Texaco (NASDAQ: ARKO) | DFW MSA | Long-Term Abs Net Lease | 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.
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
14.3
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
