Kemp, TX 75143

CEFCO Sale-Leaseback

Property Address

125 Texas 274, Kemp, TX, USA

Offering Summary

  • Price: $6,218,000
  • Lot Size: 2.37 Acres
  • Cap Rate: 5.50%
  • Year Built: 2022
  • Building SF: 4,262
  • Status: In Escrow
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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 10 Fueling Stations (5 Pumps) for Cars and Four Separate Fueling Lanes for Semi-Trucks Under a Separate Canopy
  • Signalized Hard Corner Location Visible to Over 11,500+ Cars per Day at Intersection of South Elm Street & North Highway TX-274
  • Surrounded by National Retail Tenants: Subway, Dairy Queen, U-Haul, ExxonMobil, Family Dollar, and Sonic Drive-In
  • Immediately Off of Major Texas Thoroughfare, U.S. 175 (Over 19,800 Cars per Day) – Direct Connection to Downtown Dallas
  • Centrally Located in the Community Between Kemp High School, Kemp Junior High School, and Kemp Primary School

Broker Information