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Auto Service - Gas-Conv

CEFCO Gas & C-Store | New 15 Yr. NNN | Fike’s Wholesale | $1B+ Revenue

3001 Gholson Rd, Waco, TX 76705

Listing Price: $5,450,000

Cap Rate
4.95%
Tenant Name
Fikes Wholesale, Inc.
Years Remaining On Lease
15.5
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$908.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.00

Investment Overview

CEFCO is an independently owned chain of convenience stores and gas stations based in Temple, Texas. CEFCO has been in business since the 1950s and currently operates more than 200 stores in six states: Texas, Louisiana, Arkansas, Alabama, Mississippi, and Florida. CEFCO continues to grow by building new stores, exploring acquisition opportunities, and upholding the values of hard work, dedication to customers, and respected corporate citizenship ingrained in the company by its founder. The county seat of McLennan County, Waco is situated along the I-35 corridor conveniently located between Dallas and Austin. The estimated population of the city is over 139,200 people, while the estimated population for the Waco metropolitan area is over 273,920 people. Waco is rich in Texas history and culture, economic development and opportunities, and is a hub of education with three major institutions of higher learning.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Lease
  • Guaranteed by Fikes Wholesale, Inc. with 2020 Revenue in Excess of $1.0 Billion
  • 7.5% Rental Increases Every 5 Years
  • 85,944 Residents within a 5-Mile Radius
  • Waco is Centrally Located Along the I-35 Corridor Between Austin and Dallas
  • Large 2.16 Acre Lot - Site Includes Gas Pumps and Convenience Store
  • Near IH-35 Retail Corridor - Retailers Include Walmart, The Home Depot, IHOP, Whataburger, McDonald's, and More
  • Less Than 1 Mile off the IH-35, Waco's Primary Thoroughfare with Direct Access to Austin and Dallas/Fort Worth

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Service - Gas-Conv

CEFCO Gas & C-Store | New 15 Yr. NNN | Fike’s Wholesale | $1B+ Revenue

Listing Price: $5,450,000

Cap Rate
4.95%
Tenant Name
Fikes Wholesale, Inc.
Years Remaining On Lease
15.5
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$908.33
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.00

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Corporate Lease
  • Guaranteed by Fikes Wholesale, Inc. with 2020 Revenue in Excess of $1.0 Billion
  • 7.5% Rental Increases Every 5 Years
  • 85,944 Residents within a 5-Mile Radius
  • Waco is Centrally Located Along the I-35 Corridor Between Austin and Dallas
  • Large 2.16 Acre Lot - Site Includes Gas Pumps and Convenience Store
  • Near IH-35 Retail Corridor - Retailers Include Walmart, The Home Depot, IHOP, Whataburger, McDonald's, and More
  • Less Than 1 Mile off the IH-35, Waco's Primary Thoroughfare with Direct Access to Austin and Dallas/Fort Worth

Investment Overview

CEFCO is an independently owned chain of convenience stores and gas stations based in Temple, Texas. CEFCO has been in business since the 1950s and currently operates more than 200 stores in six states: Texas, Louisiana, Arkansas, Alabama, Mississippi, and Florida. CEFCO continues to grow by building new stores, exploring acquisition opportunities, and upholding the values of hard work, dedication to customers, and respected corporate citizenship ingrained in the company by its founder. The county seat of McLennan County, Waco is situated along the I-35 corridor conveniently located between Dallas and Austin. The estimated population of the city is over 139,200 people, while the estimated population for the Waco metropolitan area is over 273,920 people. Waco is rich in Texas history and culture, economic development and opportunities, and is a hub of education with three major institutions of higher learning.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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