1790 Interstate 40 - Convenience Store FOR SALE


Adrian, TX 79001
$5,000,000 USD
832-538-5823
1790 Interstate 40, Adrian, TX for Sale
$5,000,000 USD
Convenience Store - FOR SALE
1/16
null | Request Cap Rate

1790 Interstate 40
Adrian, TX 79001


HIGHLIGHTS

  • 2023 Gross Revenue of $971,025.43 and Net Cash Flow of $845,325.43. 2024 Projected NOI of $950,000.
  • Owner-user gas station, convenience store & restaurant opportunity. Free and clear of all leases.
  • Situated on 6.5 Acres; 5.5 acres of raw, undeveloped land - Offering significant development potential for a truck stop or other retail
  • Prime Location located along an interstate thoroughfare (18,000 VPD) with direct frontage to I-40, offering excellent visibility and accessibility.
  • Located in an Income Tax Free State | Bonus Depreciation Benefits.
  • 3,556 SF building with a fully operating kitchen, private office, back storage room, and private bedroom for employees or a handyman.

OVERVIEW

Opportunity to acquire a highly profitable business and valuable asset with opportunity for future development. This 6.5-acre property, with direct frontage on Interstate 40, offers prime visibility and easy access, attracting approximately 18,000 vehicles per day. This property was extensively renovated in 2020/2021. Currently free and clear of all leases, this property includes a convenience store, restaurant and gas station, with six pumps and a separate canopy for large commercial trucks. Inside features a fully operating kitchen, a private office, back storage room, and a private bedroom for employees. The seller has existing building plans in place to construct an 11,000 SF truck stop on the rear side of the property to complement the gas station. All plans and contacts related to this proposed project can be conveyed to the buyer. With strong financial performance, boasting a 2023 NOI of $850,000 and a 2024 projected NOI of $950,000, this investment promises immediate cash flow and long-term returns. The property’s strategic location near notable tourist attractions like Cadillac Ranch and historic Route 66 further enhances its appeal. Additionally, the site features large pylon signage visible from I-40. The current owner has plans to build a +/-9,000 SF truck stop on the rear side of the property, complementing the existing facilities. Seller financing considered

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,406 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Restaurant, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.5 AC

LAND SF

283,140 SF

ZONING

-

APN/PARCEL ID

123211060200000000000,123211061300000000000

ASK ABOUT THIS PROPERTY

Eli LevyMaven Real Estate AdvisorsMore Info
832-538-5823

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Eli LevyMaven Real Estate AdvisorsMore Info
832-538-5823

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