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.