Ryan Hanks & Louis Goodmon Of Fresh Stop Acquire Retail Property From Mustafa Momin Of Petro Max
1950 Martin Luther King Jr Boulevard
Building Size
4,126 SF
Asset Type
Retail
Closing
Aug 28, 2025
AI
The property asset involved in this transaction is a retail space located at 1950 Martin Luther King Jr Boulevard in Corsicana. The total square footage of the asset is 4,126. The transaction encompasses both the sale of the business and the real estate, including a Subway sublease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Ryan Hanks & Louis Goodmon - Fresh Stop
- Seller: Mustafa Momin - Petro Max
- Buyer’s Representative: Amar Goli, Sage Chaffin & Nolan Dunn - NorthMarq
- Seller’s Representative: Aasir Momin - US Realty Partners
This transaction signifies the collaboration between various professionals involved. For the buyer, Ryan Hanks and Louis Goodmon represent Fresh Stop, while Mustafa Momin is associated with Petro Max as the seller. The deal was facilitated by the buyer's representatives from NorthMarq, who are Amar Goli, Sage Chaffin, and Nolan Dunn, alongside the seller's representative, Aasir Momin from US Realty Partners.
Players
Corsicana 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