CEFCO

128 North Dickinson Drive, Rusk, TX 75785

$5,264,000

Cap Rate 6.50%

Views: 144 DOM: 300 Updated: 11.07.24 Posted: 01.20.24 Status: Sold 11.15.24

Summary

Price $5,264,000	Built/Renov 2022	Tenant CEFCO
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,232	Lease Start 09-01-2022	#Units 250
Price/SF $1,347.59	Expiration 08-31-2037	Tenant Type Convenience/Gas
NOI $342,160	R. Term 12.8	Ownership Fee Simple
Rent/SF $80.85	Increases 7.5%/3/yrs	Pop 5Mi 7,579
Lot/AC 2.06	Options 6/5yrs/7.5%	AHHI 5Mi $58,479

Lease Highlights

CEFCO has 12+ years remaining on the current lease term with 6 (5-year) options to extend
Lease features 7.5% rental increases every 5 years throughout the initial term and at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

CEFCO is strategically located at the signalized, hard corner intersection of N Dickinson Drive and E Johnson Drive, which has a combined daily traffic count of 17,640 vehicles. It is surrounded by prominent national tenants such as Whataburger, Taco Bell, Dairy Queen, McDonald’s, Sonic Drive-In, Family Dollar, and Pizza Hut. The location is conveniently located 4 miles away from Stephen F....

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Major MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

CEFCO Wikipedia Rusk, Texas Zip Code 75785 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: CEFCO
Guarantor:Corporate
Company:Fikes Wholesale, Inc.
# Units:250
Stock:Private

About Tenant

CEFCO Stores is an independently owned chain of convenience stores based in Temple, Texas. Their stations offer amenities such as Fresh Joe Coffee, Fresh Yo Frozen Yogurt, Fresh Eats, and...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,560	6,652	7,980
2023 Total Population :	2,484	6,551	7,883
2023 Employed Civilian Pop :	772	1,980	2,527
2023 Total Businesses :	186	275	292
2023 Average Household Income :	$ 77,412	$ 74,468	$ 73,679
2023 Total Consumer Spending :	$ 45 M	$ 113 M	$ 146 M
2023 Median Age :	37	37	38
2023 Total Households :	665	1,739	2,265
2023 Pop Age 25+: Bachelor's Degree :	268	623	731
2023 Average Home Value :	$ 142,356	$ 170,436	$ 174,985

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Dickinson Drive	State Loop 62	2020	12,040	0.02 mi
East Johnson Drive	Henderson St	2021	5,939	0.13 mi
FM 768	Castner Rd	2020	458	0.16 mi
North Main Street	State Loop 62	2021	5,517	0.16 mi
Hospital St	Main St	2013	385	0.24 mi
Mc Vicker	Goff	2013	53	0.38 mi
E 9th Ave	Kennedy St	2013	53	0.42 mi
Cherokee	Mc Vicker	2013	222	0.45 mi
East 6th Street	N Henderson	2021	2,443	0.47 mi
West 6th Street	Sycamore Ave	2021	4,932	0.49 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
25954 Views
118 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
26056 Views
119 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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