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Views: 27 DOM: 94 Updated: 03.30.23 Posted: 01.20.23 Status: Sold 04.24.23

Summary

Price $2,000,000
Built/Renov 2000/2021
Tenant Chisholm Corner
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,730
Lease Start 03-21-2023
#Units 19
Price/SF $536.19
Expiration 03-20-2028
Tenant Type Convenience/Gas
NOI $120,000
R. Term 3.2
Ownership Fee Simple
Rent/SF $32.17
Increases 7.5%/5/yrs
Pop 5Mi 15,499
Lot/AC 0.80
Options 4/5yrs/7.5%
AHHI 5Mi $0

Lease Highlights

  • Chisholm Corner has been operating in this location since 2000
  • New 2021 renovation
  • The lease features 7.5% rent increases every 5 years throughout the initial term and at each of the 4 (5-year) options
  • Zero landlord responsibilities- Absolute NNN lease
  • Corporate guarantee by 7E CO Holdings, LLC 19 units backed

Location Description

Chisholm Corner is located at the hard corner intersection of Old Winthorst Road, Henry Grace Freeway just off Central Freeway which sees a combined 44,339 vehicles per day. Located along a major regional thoroughfare, the subject property is nearby to Kickapoo Downtown Airport which serves the general aviation needs of Wichita Falls and North Texas, as well as MSU Texas University and Vernon...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chisholm Corner
  • Guarantor:Corporate
  • Company:7E CO Holdings, LLC
  • # Units:19
  • Stock:Private

About Tenant

Chisholm Corner is a convenience store chain in Southwest Oklahoma and North Texas. The first Chisholm Corner opened in 2000 with the basic principle of providing customers with clean and friendly...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,212 27,330 62,899
2023 Total Population : 3,273 27,643 63,458
2023 Employed Civilian Pop : 1,179 12,229 28,514
2023 Total Businesses : 112 1,834 3,631
2023 Average Household Income : $ 52,829 $ 69,058 $ 73,301
2023 Total Consumer Spending : $ 52 M $ 679 M $ 1669 M
2023 Median Age : 32 36 36
2023 Total Households : 1,125 11,204 26,016
2023 Pop Age 25+: Bachelor's Degree : 98 2,372 6,473
2023 Average Home Value : $ 75,898 $ 159,520 $ 173,649
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Central Fwy Old Windthorst Rd 2010 6,560 0.03 mi
Central East Freeway Old Windthorst Rd 2021 6,002 0.03 mi
Old Windthorst Rd Southridge Dr 2010 2,630 0.06 mi
Central East Freeway Fisher Rd 2021 32,076 0.08 mi
Central East Freeway Hwy 287 2020 38,658 0.08 mi
Central East Freeway Windthorst Rd 2021 6,004 0.10 mi
Central East Freeway Windthorst Rd 2020 2,239 0.12 mi
US Hwy 82 Old Windthorst Rd 2014 40,709 0.13 mi
Southridge Dr Sun Valley Dr 2010 930 0.15 mi
Old Windthorst Road Bandera Blvd 2021 6,608 0.16 mi

Listing Broker

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