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7294 State Highway 224, Greenville, TX 75401 For Sale

9M Group
Listed by 9M Group
$2,250,000
62 days on market
Updated 14 days ago

Shell-Branded New Fuel Center

Details
Property Type Retail, Mixed Use (+1)
Sub Type Gas Station, Business and Building (+1)
Square Footage 9,010
Net Rentable (SqFt) 8,370
Units 12
Cap Rate 9.68%
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 16.94%
Price per SqFt $254
Class B
Year Built 1950
Year Renovated 2024
Acreage 3.000
Investment Type Owner/User
Ground Lease No
Sale Condition For sale by owner

Brand New Gas Station C Store Liquor Store and Rental Income DFW MSA

Marketing description

Shell-Branded Fuel Center — Newly-Built C-Store, Liquor, Deli, Apartments plus approximately 2 acres of excess land with value-add upside. The property is located at 7294 State Highway 224 in Greenville, Texas, within Hunt County and the DFW CMSA. This exclusive investment offering features a brand-new, fully renovated 2024 build with $1.194M of recent capital improvements including new pumps, 35,000-gal fiberglass tank, canopy, Shell branding, facade, roofing, storefront, and site work.

The property offers multiple income streams under one roof: fuel, C-Store, deli with full kitchen, separate liquor store, and 2 efficiency apartments — providing diversified retail, F&B and residential cash flow. Owner separated a 1.05-acre excess parcel behind the primary site — ideal for flex/industrial warehouse, salvage operations, RV/storage, or build-to-rent residential (subject to approvals).

The property features abundant frontage on a 180-ft-wide state highway with at-grade access, within the 4th-largest metro in the U.S. — a top national growth market. Independent MAI appraisal at $2,900,000 (July 2025). Total owner cost basis: $2,494,000 including acquisition price and capital improvements completed in 2024.

Investment highlights

  • Priced 21% below appraisal. Independent MAI appraisal at $2,900,000 (Jul 2025). Asking $2,300,000 — buyer captures approx. $600,000 of day-one equity.
  • Brand-new, fully renovated 2024 build. $1.194M of recent capital improvements: new pumps, 35,000-gal fiberglass tank, canopy, Shell branding, façade, roofing, storefront, site work.
  • Multiple income streams under one roof. Fuel · C-Store · Deli with full kitchen · Separate liquor store · 2 efficiency apartments — diversified retail, F&B and residential cash flow.
  • ~2 acres of excess land — $150k Land value. Owner separated a 1.05-acre excess parcel behind the primary site — ideal for flex/industrial warehouse, salvage operations, RV/storage, or build-to-rent residential (subject to approvals).
  • Highway 224 frontage in DFW CMSA. Abundant frontage on a 180-ft-wide state highway, at-grade access, within the 4th-largest metro in the U.S. — a top national growth market.
  • Strong stabilized yield at asking. Actual NOI $190k - 8% CAP at Asking.

Listing Contacts

9M Group
Listed by 9M Group

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