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1950 Martin Luther King Jr ...

Ryan Hanks & Louis Goodmon Of Fresh Stop Acquire Retail Property From Mustafa Momin Of Petro Max
SOLDRetail

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

Aasir Momin

Broker

$4.1M

vol

6 deals

Broker

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