For Sale
$5,018,000

3900 Houston School RdLancaster, TX 75134

High-yield QuikTrip NNN lease investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple interest in a single-tenant QuikTrip convenience store and gas station located at 3900 N Houston School Rd, Lancaster, TX 75134. The property, built in 2014, boasts 5,858 square feet on a 2.1-acre lot and features 20 gas pumps. The property benefits from a highly visible location on a signalized intersection at the I-20 exit ramp, experiencing over 171,000 vehicles per day. The absolute NNN lease with QuikTrip Corporation provides a corporate guarantee and minimal landlord responsibilities. The current lease, commencing May 1, 2015, and expiring June 30, 2034, has a remaining term of 9.6 years, including seven 5-year renewal options. The asking price is $5,018,000, representing a price per square foot of $856.61 and a 5.65% cap rate. The current Net Operating Income (NOI) is $283,524. Rent bumps of approximately $1.83 per square foot occur every five years, with the next increase scheduled for May 2025. The property is situated in a rapidly growing area, within the DFW metroplex, near major distribution centers. This is a strong, stable investment with a proven tenant and significant upside potential. The property is 100% occupied since its opening date of May 1, 2015.

Highlights

  • Prime I-20 location, 171,000+ vehicles per day.
  • New 10-year lease with $1.83 PSF rent escalations every five years.
  • Rent increase in May 2025.
  • QuikTrip corporate guarantee.
  • Investment-grade tenant (1,085+ locations, $11B+ revenue).
  • Absolute NNN lease; no landlord expenses.

Property Details for 3900 Houston School Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,858 SF
Year Built
2014
Buildings
1
Stories
1
Lot Size (sq. ft)
91,476 SF

Location Insight

City
Lancaster
County
Dallas
State
Texas
Latitude
32.641239083679
Longitude
-96.805252710316
3900 Houston School Rd, Lancaster, Texas

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3900 Houston School Rd
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