Listed by Riverstone Companies LLC
$2,400,000
401 N Timberland Dr
Details
Property Type Retail
Sub Type Gas Station
Square Footage 3,132
Net Rentable (SqFt) 3,132
Pumps 4
Cap Rate 7.00%
NOI $168,000
Occupancy 100%
Tenancy Single
Brand/Tenant Phillips 66
Lease Type NNN
Lease Term 15
Year Built 1981
Year Renovated 2021
Buildings 1
Stories 1
Acreage 0.890
Investment Type Sale/Leaseback
Ownership Lufkin LLC
Sale Condition Sale for leaseback
C-Store | 7.00% CAP | 3,132 SF | Lufkin, TX
Marketing description
Hard corner with excellent visibility
Dual access from main thoroughfare N TImberland (Hwy 69) & E Groesbeck Ave
Combined traffic count of over 21,828 vehicles per day
Close proximity to Downtown Lufkin
Zero landlord responsibilities making it an ideal, nomanagement investment opportunity for a passive investor
Listing Contacts
Listed by Riverstone Companies LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,000.00
$14,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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