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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.

502 LAFAYETTE ST Laredo TX 78041

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Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Building SqFt 3,090
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Year Built 1986
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Lease Term ******
Remaining Term ******
Lease Expiration ******
Days on Market ******
Latitude 27.5310
Longitude -99.5008

Property History

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Property Type
Property Type
Retail
Property Subtype
Convenience Store, Gas Station
Asking Details
Asking Cap Rate
******
Investment Highlights
  • Brand New 20 Year Absolute Nnn Lease –Zero Landlord Responsibilities
  • 2% Annual Rent Increases
  • Four (4) X 5 Year Options To Renew
  • Blended Cap Rate Of 7.59% Over Lease Term
  • Guarantor Supplied Over 130 Million Gallons Of Fuel To Over 300 Locations During The 12-Month Period - Ended June 30, 2017
  • Guarantor Generated Over $13 Million In Ebitda In 2016
  • Guarantor Spending Over $250,000 In Capex At Site Rebranding To Chevron
  • Operator Operates 70 Circle K’S In 4 States
  • 15 Year Accelerated Depreciation
  • Income Tax Free State
  • Hard Corner Directly Off Interstate 35 –124,000 Vehicles Per Day At I-35 And Lafayette Street
  • Strong Demographics – Approximately 20,000 Residents Within A 5-Mile Radius

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
CS
Chris Sands PRO
•••.•••.3282
•hris@•••••••.com
Brokerage logo
Sold on
 BY:
AA
Andrew Ackerman PRO
•••.•••.0445
•••••rman@•••••••.com
Brokerage logo

Map

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