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Subway & Phillips 66 Gas Station | Net Lease 303 W W M Watson Blvd 2,010 SF 100% Leased Retail Building Daingerfield, TX 75638 $2,341,543 CAD ($1,164.95 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate guaranteed Absolute Triple Net (NNN) investment with 19 years remaining on the lease with 2% annual rent escalations.
- Convenience store includes an operating Subway, providing multiple sources of revenue.
- Subject property recently renovated with a new Phillips 66 canopy and signage and four updated MPDs.
- Prime location directly off HWY 11, conveniently positioning this property for optimal accessibility and convenience to HWY 11 and HWY 259.
- Nearby national tenants include Dollar General, Walgreens, Tractor Supply Co., O'Reilly Auto Parts, and Jiffy Lube.
- The tenant is currently partnered with 76, Valero, Exxon, Mobil, Travel Centers of America, TA Express, VP Racing, and Marathon.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 2,010 SF Subway & Phillips 66 Gas Station located at 303 West W M Watson Blvd in Daingerfield, TX. This deal includes a corporate guaranteed Absolute Triple Net (NNN) investment with 19 years remaining on the lease and 2% annual rent escalations, delivering a secure and predictable cash flow backed by corporate guarantee.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,010 SF
Building Class
C
Year Built
1987
Price
$2,341,543 CAD
Price Per SF
$1,164.95 CAD
Cap Rate
7.75%
NOI
$181,470 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
0.88 AC
Opportunity Zone
Yes
Zoning
C - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Corporate
- Retailer
- 2,010 SF
- $90.29 CAD
- Jan 2045
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Corporate | Retailer | 2,010 SF | $90.29 CAD | Jan 2045 |
PROPERTY TAXES
| Parcel Number | R008354 | Improvements Assessment | $0 CAD |
| Land Assessment | $72,099 CAD | Total Assessment | $72,099 CAD |
PROPERTY TAXES
Parcel Number
R008354
Land Assessment
$72,099 CAD
Improvements Assessment
$0 CAD
Total Assessment
$72,099 CAD
CONTACTS
-
Jake Mahon -
Zachary Passman -
Clifton McCrory -
John Brown -
Chris Sands -
Sands Investment Group
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Subway & Phillips 66 Gas Station | Net Lease | 303 W W M Watson Blvd
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