Log In/Sign Up
Your email has been sent.
Conoco/Texaco Gas 5549 E Lancaster Ave 3,079 SF Retail Building Fort Worth, TX 76112 $2,651,963 CAD ($861.31 CAD/SF) 6.47% Cap Rate
Investment Highlights
- Brand New 20 Yr. Absolute NNN Sale Leaseback with Texaco/Conoco - Proven Site
- Eligible 100% Bonus Depreciation! - Rare Dallas/Ft. Worth NNN Asset - Tax Free State
- Strong Multi-Unit Operator (35) - Personal Guarantee - Big Tenant Improvement’s Planned
- Hyper Dense Residential Area along Busy Hwy 180 - Connecting Dallas to Fort Worth
- 11th Largest City in U.S. - Fastest Growing Large City in Country - Huge Business Growth
- Iconic American Gas Brand (Chevron/Texaco) - Rare 2% Annual Bumps - Large Tax Benefits
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer investors a great opportunity to acquire the single tenant absolute NNN leased Conoco convenience store and gas station in Fort Worth, TX. Operated by a growing franchisee, the operator will have 30 gas stations and QSR’s by the end of 2026. The 20-year lease will commence upon the close of escrow and comprises 2% annual rent increases, two 5-year option periods and no landlord responsibilities providing a passive investor with long term cash flows.
The 3,079 SF C-store with two MFD’s on 0.33-acre parcel is located on a hard corner intersection of E Lancaster Avenue (over 17,800 VPD) and Weiler Boulevard and positioned a half mile from Interstate 820 which sees over 108,500 VPD. The subject property is eligible for bonus depreciation, providing major tax benefits in year 1, and is located within a tax-exempt state. Nearby retailers include McDonald’s, Whataburger, Jack in the Box, Bank of America, Walgreens, AutoZone, O’Reilly Auto Parts, Planet Fitness, Dollar General, Dollar Tree and more.
The 3,079 SF C-store with two MFD’s on 0.33-acre parcel is located on a hard corner intersection of E Lancaster Avenue (over 17,800 VPD) and Weiler Boulevard and positioned a half mile from Interstate 820 which sees over 108,500 VPD. The subject property is eligible for bonus depreciation, providing major tax benefits in year 1, and is located within a tax-exempt state. Nearby retailers include McDonald’s, Whataburger, Jack in the Box, Bank of America, Walgreens, AutoZone, O’Reilly Auto Parts, Planet Fitness, Dollar General, Dollar Tree and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,079 SF
Building Class
B
Year Built
1977
Price
$2,651,963 CAD
Price Per SF
$861.31 CAD
Cap Rate
6.47%
NOI
$171,582 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.33 AC
Parking
8 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
147’ on E Lancaster Ave
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 00976458 | Improvements Assessment | $407,790 CAD |
| Land Assessment | $124,878 CAD | Total Assessment | $532,668 CAD |
Property Taxes
Parcel Number
00976458
Land Assessment
$124,878 CAD
Improvements Assessment
$407,790 CAD
Total Assessment
$532,668 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Conoco/Texaco Gas | 5549 E Lancaster Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.