Irfan Tejani Of Tejani Group Acquires Retail Asset From Niz Ali In Spring For Gas Station
5035 Fm 2920
Building Size
9,075 SF
Asset Type
Retail
Closing
Aug 19, 2025
About this deal
AI
The property involved in the transaction is a retail asset located at 5035 Fm 2920 in Spring. It has a total square footage of 9,075. The transaction reflects a strategic acquisition in the retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 5035 Fm 2920
- Market: Spring
- Buyer: Irfan Tejani - Tejani Group
- Seller: Niz Ali
- Buyer's Representative: Nabeel Ali - Keller Williams Realty
- NOTE: Tejani Group has closed on a premium asset from Fuel Maxx Chain, including a gas station and convenience store with washateria.
Key individuals in this transaction include Irfan Tejani, leading the Tejani Group, and Nabeel Ali representing the buyer through Keller Williams Realty. The Tejani Group's acquisition showcases their commitment to operational excellence and strategic growth in expanding their market presence.
On the Map
Retail
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Players
Spring 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