SQRL

9145 Farm-To-Market Road 78, Converse, TX 78109

$2,928,000

Cap Rate 7.25%

Views: 72 Updated: 01.03.24 Posted: 10.24.23 Status: Inactive

Summary

Price $2,928,000	Built/Renov 1984/2023	Tenant SQRL
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 1,439	Lease Start 04-21-2023	#Units 139
Price/SF $2,034.75	Expiration 04-30-2043	Tenant Type Convenience/Gas
NOI $212,250	R. Term 18.5	Ownership Fee Simple
Rent/SF $147.50	Increases 2.0%/1/yrs	Pop 5Mi 210,548
Lot/AC 0.49	Options 4/5yrs/2%	AHHI 5Mi $87,403

Lease Highlights

Site is currently being remodeled as a SQRL fueling station and convenience store
Tenant recently signed a new 20-year absolute NNN lease with 4 (5-year) options to extend
The lease features rent increases of 2% annually
Huge tax benefits | Asset is eligible for accelerated and/or bonus depreciation | Consult tax professional for confirmation
Corporate guaranteed lease

Location Description

This recently renovated SQRL is positioned with excellent access and visibility from FM 78 & Seguin Rd., which see a combined 45,400+ vehicles passing by daily. It is located a couple blocks from Judson High School (2,600 students enrolled), and just over-a-mile from the Santé 51 Development (a $14.7MM, 51-acre mixed-use project that will encompass county offices, retail, restaurants,...

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Key Features

Recent renovation
Dense 200M+ pop 5 mi
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Annual rent increases
Corporate Guarantee

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Links

SQRL Wikipedia Converse, Texas Zip Code 78109 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: SQRL
Guarantor:Corporate
Company:SQRL Holdings, LLC
# Units:139
Stock:Private

About Tenant

SQRL Fuel operates gas stations with coffee-shop-like convenience stores. Their brand focuses on being family friendly and environmentally conscious as well as offering high quality products,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	12,156	91,916	225,423
2023 Total Population :	11,848	89,388	216,489
2023 Employed Civilian Pop :	5,693	42,076	103,216
2023 Total Businesses :	272	1,281	3,984
2023 Average Household Income :	$ 91,561	$ 89,872	$ 90,255
2023 Total Consumer Spending :	$ 328 M	$ 2377 M	$ 6013 M
2023 Median Age :	33	34	35
2023 Total Households :	4,128	30,565	76,933
2023 Pop Age 25+: Bachelor's Degree :	1,447	11,342	28,888
2023 Average Home Value :	$ 231,798	$ 231,579	$ 241,744

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South Seguin Road	School St	2021	12,661	0.07 mi
South Seguin Road	School St	2020	11,723	0.07 mi
S Seguin Rd	Ave E	2002	7,600	0.33 mi
Schaefer Rd	Norris Dr W	2000	5,220	0.38 mi
	FM 1516	2021	15,892	0.41 mi
S Seguin Rd	Ave B	2013	10,646	0.46 mi
South Seguin Road	Kneupper Ave	2021	12,032	0.51 mi
Station St	Ave B	2010	1,410	0.53 mi
John E Peterson Boulevard	Schaefer Rd	2021	29,250	0.53 mi
Upper Seguin Rd	A	2010	2,070	0.54 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27500 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28509 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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