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
Corsicana Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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