Retail    

Texas Truck Stop Portfolio

Carrizo Springs & Tilden, TX

Asking Price

$22,500,000

Cap Rate

8.00%

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10 Year

Absolute NNN Lease

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Attractive

Rent Increases

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Bonus

Depreciation

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Income Tax-Free

State

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Experienced

Operator

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease Structure | The lease features an NNN expense structure with no Landlord responsibilities, resulting in a passive and secure income stream. 
  • Attractive Rent Increases | The lease includes CPI annual rent bumps and 10% every five years, providing a prospective investor with a hedge against inflation and an increase in yield over time.
  • 10-Year Lease with Renewal Options | The ten year base lease term commenced in September 2022 and features two (2), five (5) year renewal options. 
  • Experienced Operator | OHK Global, a growing convenience store operator based in Houston, TX, is the  tenant on the lease. OHK Global has a track record of excellent service across its 50+ operating locations located throughout South Texas.
  • Bonus Depreciation | The Offering features fee simple ownership, inclusive of both the land and improvements. This allows investors to immediately take advantage of accelerated deductions through bonus depreciation.
  • Ample Truck Parking with Gas and Diesel Pumps | The properties feature six diesel fueling positions and Diesel Exhaust Fluid (DEF) service, twelve fueling positions for gasoline, and forty-one & sixty-five truck parking spaces, respectively. 
  • Desirable Travel Amenities | Showers, driver’s lounge, laundry facilities, CAT scale, and quick-service restaurants.
  • Income Tax-Free State | No state income taxes. 

Exclusively Listed By

Chris Adams

Vice President
  cadams@northmarq.com      972.616.4720
TX Lic. #619855

Josh Adams

Associate
  jadams@northmarq.com      972.619.9865
TX Lic. #792874

Northmarq

8343 Douglas Ave, Suite 600
Dallas, TX 75225


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