5549 E Lancaster Ave - Convenience Store FOR SALE


Fort Worth, TX 76112- Central Meadowbrook
$1,900,000 USD
949-903-3399
5549 E Lancaster Ave, Fort Worth, TX for Sale
$1,900,000 USD
Convenience Store - FOR SALE
1/4
null | 6.47% Cap Rate

5549 E Lancaster Ave
Fort Worth, TX 76112
Central Meadowbrook


HIGHLIGHTS

  • Brand New 20 Yr. Absolute NNN Sale Leaseback with Texaco/Conoco - Proven Site
  • Hyper Dense Residential Area along Busy Hwy 180 - Connecting Dallas to Fort Worth
  • Eligible 100% Bonus Depreciation! - Rare Dallas/Ft. Worth NNN Asset - Tax Free State
  • 11th Largest City in U.S. - Fastest Growing Large City in Country - Huge Business Growth
  • Strong Multi-Unit Operator (35) - Personal Guarantee - Big Tenant Improvement’s Planned
  • Iconic American Gas Brand (Chevron/Texaco) - Rare 2% Annual Bumps - Large Tax Benefits

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors a great opportunity to acquire the single tenant absolute NNN leased Conoco convenience store and gas station in Fort Worth, TX. Operated by a growing franchisee, the operator will have 30 gas stations and QSR’s by the end of 2026. The 20-year lease will commence upon the close of escrow and comprises 2% annual rent increases, two 5-year option periods and no landlord responsibilities providing a passive investor with long term cash flows. The 3,079 SF C-store with two MFD’s on 0.33-acre parcel is located on a hard corner intersection of E Lancaster Avenue (over 17,800 VPD) and Weiler Boulevard and positioned a half mile from Interstate 820 which sees over 108,500 VPD. The subject property is eligible for bonus depreciation, providing major tax benefits in year 1, and is located within a tax-exempt state. Nearby retailers include McDonald’s, Whataburger, Jack in the Box, Bank of America, Walgreens, AutoZone, O’Reilly Auto Parts, Planet Fitness, Dollar General, Dollar Tree and more.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$617 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Conoco/Texaco Gas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

00976458

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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