923 E Main St - Service Station FOR SALE
Fairfield, TX 75840 |
$1,231,250 USD
923 E Main St
Fairfield, TX 75840
HIGHLIGHTS
- 20 Year Absolute NNN Lease; Zero Landlord Responsibilities; Four 5-Year Option Periods; 40 Years of Potential Lease Term; 6 Existing Fuel Pumps
- Attractive Hedge Against Inflation; 12.50% Rent Increase Every 5 Years; Four 5-Year Option Periods; 40 Years of Potential Lease Term
- Multi-Unit Operator; Corporate and Personal Guaranty (Contact Agent for Details); Strong Unit Level Sales and Attractive Rent Coverage Ratio
- Qualifies for Bonus & Accelerated Depreciation (Contact Your CPA for Details)
FOR SALE DETAILS
PRICE
$1,231,250 USD
PRICE/SF
$250 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STNL ExxonMobil | Texas
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
ADD'L SUBTYPES
Convenience Store, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1981
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.52 AC
LAND SF
22,651 SF
ZONING
AA2
APN/PARCEL ID
18747
ASK ABOUT THIS PROPERTY
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