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Petro Max C-Store & Car Wash 101-107 E Highway 31

6,044 SF Retail Building Dawson, TX 76639 $9,260,803 CAD ($1,532 CAD/SF) 7.50% Cap Rate

Retail Space Texas Dawson 101-107 E Highway 31, Dawson, TX 76639

Investment Highlights

  • Long Term-Absolute NNN Lease
  • Strong Rent Coverage Ratios Boosted by Subway Sublease
  • Property Offers High-Speed Diesel
  • Experienced & Successful Operator
  • Affluent Strategic Location Within the Texas Triangle
  • Attractive Annual Rent Bumps & Renewal Option Periods

Executive Summary

Northmarq proudly presents an exceptional investment opportunity: the Petro Max Convenience Store located in the tax-free state of Texas at 107 E. Highway 31, Dawson, Texas. This property is master leased and guaranteed by Petro Max, an operator of 48 convenience stores throughout Texas, Colorado, and Kansas. The property boasts a healthy 7.2% rent-to-sales ratio. In addition to the store's annual revenue, a portion of the property has been subleased to Subway through May 2028, which helps offset the rent costs. See full OM for details.

Attachments

View Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,044 SF
Building Class
C
Year Built
1987
Price
$9,260,803 CAD
Price Per SF
$1,532 CAD
Cap Rate
7.50%
NOI
$694,631 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.76 AC

Links

1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 33490
  • 60404
 Improvements Assessment $1,075,938 CAD
Land Assessment $107,519 CAD Total Assessment $1,183,457 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 33490
  • 60404
Land Assessment
$107,519 CAD
Improvements Assessment
$1,075,938 CAD
Total Assessment
$1,183,457 CAD
(202) 607-7780

Contact

  • Listing ID: 32657187

  • Date on Market: 2024-08-01

  • Last Updated:

  • Address: 101-107 E Highway 31, Dawson, TX 76639

The Retail Property at 101-107 E Highway 31, Dawson, TX 76639 is currently available for sale. Contact Northmarq for more information.

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Petro Max C-Store & Car Wash | 101-107 E Highway 31
(202) 607-7780 x

Petro Max C-Store & Car Wash | 101-107 E Highway 31

Amar Goli

(202) 607-7780

(202) 607-7780

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