Dodge Real Estate Corp Executes $60 Million Sale-Leaseback For Off-Market Gas Station Portfolio In TX & LA
SOLD
$60,000,000
Louisiana
See Similar DealsRetail58,646 SF
Sold 12/30/2025
SOLD
Dodge Real Estate Corp Executes $60 Million Sale-Leaseback For Off-Market Gas Station Portfolio In TX & LA
Retail58,646 SF
Sold 12/30/2025
Summary
LOUISIANA
Asset Type:Retail
Price Per Square Foot:$1,023
Total Square Footage:58,646 SF
Transaction Type:Sale
The asset involved in this closed transaction is a retail portfolio consisting of 15 gas station properties located across Texas and Louisiana, with a total square footage of 58,646. The sale was executed at a transaction price of $60,000,000, equating to a price per square foot of $1,023. The market areas include Lake Charles, Houston, Seguin, Baytown, Walker, Hooks, Omaha, Port Allen, Denham Springs, and Arabi, New Orleans.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60,000,000
- Square Footage: 58,646
- Price per Square Foot: $1,023
- Seller's Representative: Johnny Dodge & Dusty Dodge - Dodge Real Estate Corp
As the year 2025 concluded, the closing of this substantial portfolio was noted as the second significant convenience store portfolio transaction in recent months. The deals were managed by Johnny Dodge and Dusty Dodge, representing the seller, under their agency, Dodge Real Estate Corp.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$213,167.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$284,430.61
Annual Debt Service$3,413,167.33
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