Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$9,555,000
Casey's
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,013
Cap Rate 5.2%
NOI $496,875
Occupancy 100%
Tenancy Single
Brand/Tenant Casey's General Store
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2038
Remaining Term 12
Rent Bumps Yes
Lease Options 6, 5 Year Options
Year Built 2020
Acreage 3.590
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/31/2023
Ground Lease No
Abs NNN Lease | Fortune 500 Company (NASDAQ: CASY)
Marketing description
Casey’s is a major American chain of convenience stores and gas stations and the 3rd Largest C-Store operator in the US. Founded in 1959, the company has grown into a dominant retail powerhouse headquartered in Ankeny, Iowa. As an essential fixture of Middle America, Casey’s operates as a unique hybrid of a gas station, grocery store, and restaurant.
Temple, Texas is a rapidly expanding commercial hub in Central Texas, positioned directly along the highly traveled Interstate 35 corridor. With a population of over 87,000 and steady projected growth, it serves as a regional anchor for healthcare, logistics, and manufacturing.
Investment highlights
- 11.5+ Years Remaining on Corporate Absolute NNN Lease
- 7.5% Rental Increases Every 5 Years With Multiple Renewal Options
- Tenant is the 3rd Largest C-Store Operator in the US With ±2,921 Stores Across 20 States - Fortune 500 Company
- Signalized Hard Corner Location Visible by 27,920+ Cars per Day Along Airport Rd
- Adjacent to Baylor Scott & White Medical Center and Corporate Office - a Specialized, Multi-Facility Medical and Administrative Compound
- 83,809 Residents within a 5-Mile Radius - Projected to Increase 5.97%+ by 2030
- Average Household Income Exceeds $93,000 in the Surrounding Area
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$496,875.00
$41,406.25/mo
Valuation Metrics
0
DSCR
5.2%
Cap Rate
5.2%
ROI
Map
Zoning
GR CommercialRetail CommercialGeneral Retail
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View all 221 uses Last updated Apr 20, 2026 For deeper zoning details, reports are available at Zoneomics
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