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1961 Martin Luther King Jr ...

Louis Goodmon Of Fresh Stop Acquires Retail Property From Petro Max In Corsicana
SOLDRetail

Louis Goodmon Of Fresh Stop Acquires Retail Property From Petro Max In Corsicana

1961 Martin Luther King Jr Boulevard

Building Size

2,604 SF

Asset Type

Retail

Closing

Aug 28, 2025

AI

The property asset involved in this transaction is a retail establishment located at 1961 Martin Luther King Jr Boulevard in Corsicana. It has a total area of 2,604 square feet and is associated with a business sale along with the real estate transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Specified
  • Buyer: Louis Goodmon
  • Seller: Petro Max
  • Buyer's Representative: Amar Goli, Nolan Dunn, and Sage Chaffin - NorthMarq
  • Seller's Representative: Aasir Momin - US Realty Partners
  • Transaction Date: 08/29/2025

The key individuals in this transaction include Louis Goodmon representing the buyer, Fresh Stop, while Petro Max is the seller. NorthMarq is represented by Amar Goli, Nolan Dunn, and Sage Chaffin, assisting the buyer, and Aasir Momin from US Realty Partners represents the seller.

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