101-107 Highway 31, Dawson, TX 76639

3,280 SF | Retail Building | Dawson, TX 76639 | $7,260,000 ($2,213/SF) | 6.75% Cap Rate

Asking Price $7,260,000

Property Type
Retail
Square Feet
3,280 SF
Price / Square Foot
$2,213

Listing Contacts

Amar Goli

Property Overview

Northmarq proudly presents an exceptional investment opportunity: the Petro Max Convenience Store located in the tax-free state of Texas at 107 E. Highway 31, Dawson, Texas. This property is master leased and guaranteed by Petro Max, an operator of 48 convenience stores throughout Texas, Colorado, and Kansas. The property boasts a healthy 7.2% rent-to-sales ratio. In addition to the store's annual revenue, a portion of the property has been subleased to Subway through May 2028, which helps offset the rent costs. See full OM for details.

Property Details

Class
C
Year Built
1987
Stories
1
Property Subtype
Grocery/Convenience Store, Service
Lot Size (sq. ft)
58,806 SF

Highlights

  • Long Term-Absolute NNN Lease
  • Experienced & Successful Operator
  • Strong Rent Coverage Ratios Boosted by Subway Sublease
  • Affluent Strategic Location Within the Texas Triangle
  • Property Offers High-Speed Diesel
  • Attractive Annual Rent Bumps & Renewal Option Periods

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