For Sale
$6,533,333

107 State Hwy 31 Dawson, TX 76639

Texas C-Store Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fee-simple, 100% occupied, single-tenant retail property located at 107 State Hwy 31 W, Dawson, TX 76639. The 6,044 square foot convenience store and car wash sits on a 1.76-acre lot and is master-leased to Petro Max, a successful operator of 48 convenience stores across Texas, Colorado, and Kansas, providing a strong and experienced tenant base. The property boasts a healthy NOI of $490,000, translating to a 7.50% cap rate and a price per square foot of $1,080.96. Built in 1987, the property benefits from a long-term, absolute NNN lease structure with rent bumps (details available in the offering memorandum). A portion of the property is subleased to Subway, extending through May 2028, further enhancing the investment's stability and return. The property's strategic location within Navarro County, Texas, and its inclusion of high-speed diesel fuel dispensing capabilities, contribute to its strong financial performance. The asking price for this turnkey investment is $6,533,333. Detailed financial information, including rent bump specifics and lease renewal options, is available in the offering memorandum. This is a rare opportunity to acquire a well-established, high-performing convenience store and car wash in a desirable Texas location.

Highlights

  • Absolute NNN lease with long-term remaining.
  • Tenant is an experienced and successful operator.
  • Excellent rent coverage, enhanced by a subway sublease.
  • Prime location in the affluent Texas Triangle.
  • High-speed diesel fuel available on-site.
  • Attractive annual rent increases and renewal options.

Property Details for 107 State Hwy 31

Property type
Retail properties, Grocery and convenience stores
Square Feet
6,044 SF
Year Built
1987
Buildings
1
Lot Size (sq. ft)
76,666 SF

Location Insight

City
Dawson
County
Navarro
State
Texas
Latitude
31.9008692
Longitude
-96.7179021

FAQs

What type of property is this?
Retail property - Texas C-Store Investment Opportunity
Where is the retail property located?
The property is located at 107 State Hwy 31 Dawson, TX.
What is the asking price?
The asking price for this property is $6,533,333.
What are key features of this property?
This property features: Absolute NNN lease with long-term remaining.; Tenant is an experienced and successful operator.; Excellent rent coverage, enhanced by a subway sublease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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107 State Hwy 31
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