Queen City, TX 75572

CEFCO Sale-Leaseback

Property Address

309 U.S. 59, Queen City, TX, USA

Offering Summary

  • Price: $7,636,000
  • Lot Size: 4.25 Acres
  • Cap Rate: 5.50%
  • Year Built: 2022
  • Building SF: 6,000
  • 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 16 Fueling Stations (8 Pumps) for Cars and Six 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
  • Large Lot Size at Approximately 4.25 Acres
  • Signalized Hard Corner Location Visible to Over 19,600 Cars/Day
  • Easily Accessible Location Along US-59, Providing Direct Access to Texarkana

Broker Information