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128 North Dickinson Drive

Marcus & Millichap Sells Casey's Fuel Center In Rusk Texas On 2.07 Acres
SOLDRetail

Marcus & Millichap Sells Casey's Fuel Center In Rusk Texas On 2.07 Acres

128 North Dickinson Drive

Building Size

4,232 SF

Asset Type

Retail

Closing

Nov 27, 2024

AI

A net-leased Casey’s Fuel Center was sold in Rusk, Texas. The property features a convenience store encompassing 4,232 square feet and sits on 2.07 acres. It includes 16 fueling stations and is subject to a 13-year corporate lease, strategically located on a high-traffic corner near national tenants.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Undisclosed
  • Address: 128 North Dickinson Drive
  • Market: Rusk
  • Square Footage: 4,232
  • Acres: 2.07
  • Leasing: 13-year corporate lease
  • Fueling Stations: 16

The transaction involved brokers Chris Lind, Mark Ruble, Tim Speck, and Zack House from Marcus & Millichap, representing the seller in the deal.

Players

Tim Speck

Marcus & Millichap

Broker

$262M

vol

20 deals

Broker

Rusk Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93