Matthews Logo

Navigation Menu

1125 TX-243, Canton, TX, 75103

1125 TX-243

$7,250,000

Key Information

Cap Rate
6.5%
$ per SF
$1,458
Tot. SF
4,969
Lot Size
6.2 Acres
Year Built
2026
Term Remaining
± 20 Years
Type
Retail
NOI
$471,250

Highlights

• Brand-New 20-Year Sale-Leaseback — Hungry Pig Capital Supply Co. will sign a full 20-year primary term at commencement, with three 5-year options extending exposure to 35 years. Tenant carries roof and structure, zero landlord responsibilities from day one.
• Commercial Fueling Lane — This location has 8 MPDS and a high-speed diesel terminal.
• 10% Rent Bumps Every Five Years — Rent escalates 10% every five years through the primary term and all three options. Yield on basis climbs from 6.50% at close to 8.65% by Year 20 and 11.52% in the final option period, built-in hedge against inflation with no renegotiation risk.
• New 2026 Construction — ±4,969 SF truck stop and convenience store on ±6.2 acres, delivered new with an active Exxon-branded fuel supply contract in place. No deferred maintenance, no near-term capital events, fee simple ownership. The pad site will be a sit-down restaurant in the future.
• Irreplaceable Corner at the TX-243 / Hwy 64 Split — Hard-corner site with full concrete truck circulation, a dedicated diesel canopy, and an undeveloped pad area for future expansion. No immediate competing fuel or truck stop facility.
• First Monday Trade Days — The largest and oldest continually operating flea market in the United States, 400+ acres, 5,000+ vendors, and up to 100,000 visitors over four days every single month, drawing from Texas, Louisiana, and Oklahoma. Recurring fuel, food, and convenience demand that dwarfs Canton’s resident base.
• I-20 Corridor Between Dallas and Tyler — Canton is the county seat of Van Zandt County, roughly an hour east of Dallas on one of East Texas’ busiest freight and passenger routes running DFW–Tyler–Shreveport. Used as a route by truckers who are looking to refuel or rest.
• Growing Trade Area — City population up more than 20% since the 2020 Census (±2.9% annually); Van Zandt County has expanded from 59,541 residents in 2020 to an estimated 66,130. Average household income within five miles exceeds $96,000.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204