16158 State Highway 31 W - Convenience Store FOR SALE


Tyler, TX 75709
$7,081,000 USD
214-915-8890
16158 State Highway 31 W, Tyler, TX for Sale
$7,081,000 USD
Convenience Store - FOR SALE
1/3
null | 5% Cap Rate

16158 State Highway 31 W
Tyler, TX 75709


HIGHLIGHTS

  • 2019 Construction. 6,739+/- SF Building. 5.72+/- Acre Site
  • Large Truck Stop Site (5.72 AC) with Excellent Visibility & Access – Prime Location Along State Highway 31 W (21,820+ VPD)
  • Proximity to Regional Demand Drivers- 2 Mi. from Tyler Pounds Regional Airport (50,000+ Annual Flights)
  • Tyler Is the Commercial and Cultural Capital of the East Texas Region – 80 miles from both Dallas, TX & Shreveport, LA
  • Corporate CEFCO Backed by Casey’s General Stores (3rd Largest C-Store Chain in U.S.) – Casey’s Purchased CEFCO in 2024 in $1.145-billion Acquisition
  • Tyler | Ranked 9th Best Southwest City for Economic and Job Growth | Population: 113,030+

OVERVIEW

11+ Years Remaining on Abs. NNN Lease with 7.5% Rent Increases in Primary Term & Option Periods, Plus (6) 5-Year Options to Renew

FOR SALE DETAILS

PRICE

$7,081,000 USD

PRICE/SF

$1,057 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CEFCO (Casey's)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.72 AC

LAND SF

249,163 SF

ZONING

-

APN/PARCEL ID

1-64966-0000-00-001010

ASK ABOUT THIS PROPERTY

Russell SmithSecure Net LeaseMore Info
214-915-8890

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Russell SmithSecure Net LeaseMore Info
214-915-8890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.