Listed by Marcus & Millichap - Fort Worth
$9,000,000
Ashley's Marketplace @ Garth Rd
Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 10,312
Cap Rate 10.20%
NOI $909,112
Tenancy Multi
Brand/Tenant Golden Chick, Checkers
Class A
Year Built 2024
Acreage 1.600
Investment Type Owner/User
Ground Lease No
Prime Houston Fuel Site | National Food Brands Included
Marketing description
Ashley's Marketplace at Garth Road is a larger-format, ±1.6-acre Baytown site with ±10,312 SF of improvements inclusive of a Checkers outparcel - an institutional-quality, multi-brand platform that is difficult to replicate and delivers among the strongest in-place yields in the portfolio. Available individually or as part of the five-property Ashley's Marketplace portfolio.
Investment highlights
- New 2024 construction, fee simple. Own both the real estate and the business on a larger-format ±1.6-acre site with minimal deferred maintenance and near-term capex.
- Among the strongest in-place yields in the portfolio. $909,112 of in-place EBITDA from a diversified fuel, convenience and foodservice income base.
- Three-brand foodservice platform. A Checkers outparcel (~$47,187/mo food sales), in-store Charley's (~$15,176/mo) and a Golden Chick end-cap (~$10,250/mo rent) total ~$72,613/mo.
- Advantaged Shell fuel supply. 90,401 gallons per month at rack +$0.01, backed by a 72-year Shell supply term.
- Difficult-to-replicate Baytown platform. 106,890 residents and 83,052 daytime population within five miles, in the nation's 4th-largest metro.
Listing Contacts
Listed by Marcus & Millichap - Fort Worth
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$909,112.00
$75,759.33/mo
Valuation Metrics
0
DSCR
10.1%
Cap Rate
10.1%
ROI
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