Broker of Record Kyle Matthews License No. 9005919 (TX) Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 90245 3109195757
Asking Price Lower Than Appraised Value! – This property appraised at roughly $2.71M and is being offered at a price point of $2,560,000.
Long-Term Absolute NNN Fully Occupied 2-Tenant Building – This deal comes with 10-year absolute NNN leases from both tenants which will provide an owner with a diverse and passive stream of income.
Exceptional Store Sales – This c-store is one of the strongest performers for this operator and does incredible numbers. The inside sales average around $150,000 per month and the gas station sells above 90,000 gallons per month which are very high for a c-store. The Yoli’s business is profitable and is operated by an experienced owner.
High Cap Rate Deal – At a 7.50% cap rate, an investor can purchase a stabilized 2-tenant deal in a market with affluent demographics and a high population growth rate.
Strong Location & Healthy Demographics – This property is located right near the main intersection in Whitehouse and is immersed in healthy demographics. The average household incomes in 1, 3, and 5 mile radii exceed $83,000 and population growth in the 1,3, and 5 mile radii have grown at above 7%!
E-Commerce/Internet Proof – The tenant mix is comprised of a convenience/gas retailer and food concept, both of which are some of the most lease susceptible product types to be affected by the growth of e-commerce.
High-Quality Construction Property – This building was built in 2014 and has been well maintained since its completion. The property is equipped with a drive-thru for the food tenant.
Large Format Gas Site – This property features 6 islands and 12 pumps which are in line with modern gas/convenience formats and drives traffic to the center’s businesses.
Accelerated Depreciation – Sites that sell fuel typically allow for investors to depreciate improvements over an accelerated, 15-year schedule. This provides for major after-tax cash flow benefits and increases an investor’s overall return. *verify with CPA*