Listed by Secure Net Lease
$7,081,000
Casey's General Store
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,739
Cap Rate 5%
NOI $354,050
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/01/2037
Remaining Term 10.9
Rent Bumps Yes
Lease Options (6) 5-Year Renewal Options
Price per SqFt $1,051
Year Built 2019
Buildings 1
Stories 1
Acreage 5.720
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2022
5.00% CAP | 3rd Largest C-Store Chain in U.S.
Marketing description
- 2026 Remodel | 11+ Years Remaining on Absolute NNN Lease
- Large Truck Stop Site (5.72 AC) with Excellent Visibility & Access on State Highway 31 W (21,820+ VPD)
- 2 Miles from Tyler Pounds Regional Airport - East Texas’ Key Aviation Hub (50,000+ Flights/Year)
- Casey’s General Stores is the 3rd Largest C-Store Chain in U.S. & a Fortune 500 Operator w/ 2,900+ Stores
- Large Daytime Population in Immediate Area - Over 70,000 Employees within 10 Mile Radius
Investment highlights
- Rent Commencement: June 2022
- 11+ Years Remaining on Absolute NNN Lease with 7.5% Rental Increases in Primary Term & Option Periods, Plus (6) 5-Year Options to Renew
- Large Truck Stop Site (5.72 AC) with Excellent Visibility & Access - Prime location along State Highway 31 W (21,820+ VPD), near State Highway 64 and direct connection to Interstate 20, linking Tyler to Dallas (95 miles west) and the broader East Texas region. Benefits from strong commuter, traveler, and local traffic volumes within a major growth corridor.
- Proximity to Major Transportation and Regional Demand Drivers - Just 2 miles from Tyler Pounds Regional Airport, East Texas’ key aviation hub serving 50,000+ annual flights across commercial, corporate, and military sectors. Excellent access for travelers, logistics operators, and regional commerce.
- Citywide Growth and Revitalization Initiatives - Tyler’s $25.5M downtown revitalization and 282-acre Wisenbaker Tract development are driving new business, industrial growth, and infrastructure investment, while major expansions by McWane Enterprises and Hood Flexible Packaging highlight the city’s strong economic momentum.
- Casey’s General Stores: 3rd Largest C-Store Chain in U.S. – An Ankeny, Iowa–based Fortune 500 convenience store operator with nearly 2,900 locations across 20 states and a strong foodservice platform highlighted by made-from-scratch pizza and breakfast offerings.
- Tyler Is the Commercial and Cultural Capital of the East Texas Region - 80 miles from both Dallas, TX & Shreveport, LA. Boasting an MSA population of nearly 250,000, Tyler has grown to be the largest community in East Texas. It ranks as the 9th best Southwest city for economic and job growth and posted a 10.6% job growth rate in the last 5 years, outperforming both the Texas average (10.2%) and the nation (4.4%).
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$354,050.00
$29,504.17/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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