Cross Plains, TX 76443

CEFCO Sale-Leaseback

Property Address

117 Southwest Fifth Street, Cross Plains, TX, USA

Offering Summary

  • Price: $6,221,000
  • Lot Size: 2.066 Acres
  • Cap Rate: 5.50%
  • Year Built: 2022
  • Building SF: 4,232
  • Status: Available
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  • Brand New 15 Year Absolute Triple-Net (NNN) Corporate Lease
  • Guaranteed by Fikes Wholesale, Inc. with 2021 Revenue in Excess of $1.5 Billion
  • 7.5 Percent Rental Increases Every Five Years
  • Site Includes 12 Fueling Stations (Six Pumps) for Cars and Four Separate Fueling Lanes for Semi-Trucks in the Back of the Store Under a Separate Canopy
  • 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 Retail Tenants, Including Subway, Dollar General, Dairy Queen, ExxonMobil, and 7-Eleven
  • Signalized Hard Corner Location Visible to Nearly 9,000 Cars/Day at the Intersection
  • Multiple Points of Ingress/Egress from S Main Street, SW Fifth Street, and Avenue E
  • Growing Trade Area Situated within the Abilene, TX MSA

Broker Information