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
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