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14100 South US Highway 281

Updated Dec 4, 2024

Ameer Adel And Jacob Luna Of Marcus & Millichap Represent Sale Of Maverick Travel Center For $10.07M
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Ameer Adel And Jacob Luna Of Marcus & Millichap Represent Sale Of Maverick Travel Center For $10.07M

14100 South US Highway 281

$10,075,000

$1,007/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Sep 16, 2024

About this deal

AI

The property involved in this transaction is the Maverick Travel Center, a well-established truck stop situated on a 10-acre site in Santo, Texas. The sale price was $10,075,000, and the property boasts a total square footage of 10,000, equating to a price per square foot of $1,007. The location is strategically along a major transportation route, making it a high-traffic area for travelers and truckers.

Summary of transaction details:

Ameer Adel and Jacob Luna from Marcus & Millichap’s Luna-Thakor Group represented both the buyer and seller in this transaction. The buyer is a prominent player in the convenience store and travel center industry, further enhancing their portfolio with this acquisition in the c-store sector. The Maverick Travel Center remains an essential hub for travelers, poised for growth under the new ownership, emphasizing strategic expansion in key locations.

On the Map

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$10,075,000

$1,007/SF

Retail

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Players

Jacob Luna

Marcus & Millichap

Broker

$108.9M

vol

15 deals

Broker
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Santo Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1K per square foot on a published $10.1M for 10,000 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.57%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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