SQRL

4730 U.S. 59, Shepherd, TX 77371

$2,855,000

Cap Rate 7.25%

Views: 98 Updated: 01.03.24 Posted: 10.24.23 Status: Inactive

Summary

Price $2,855,000	Built/Renov 1950/2023	Tenant SQRL
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,456	Lease Start 04-21-2023	#Units 139
Price/SF $826.10	Expiration 04-30-2043	Tenant Type Convenience/Gas
NOI $207,000	R. Term 18.5	Ownership Fee Simple
Rent/SF $59.90	Increases 2.0%/1/yrs	Pop 5Mi 5,895
Lot/AC 0.42	Options 4/5yrs/2%	AHHI 5Mi $65,726

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

The subject property is strategically positioned, with excellent access and visibility, along Highway 59 which sees approximately 25,550 vehicles passing by daily. The site is currently being remodeled as a SQRL fueling station and convenience store which will further increase traffic to the property. It is adjacent to an Executive Inn & Suites and within close proximity to major retailers...

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Key Features

Recent renovation
Highway location
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 Shepherd, Texas Zip Code 77371 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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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Byrd Avenue	State Loop 424	2021	1,720	0.05 mi
	Lake Pool Rd	2021	1,116	0.08 mi
	Lake Pool Rd	2021	29,669	0.08 mi
US Hwy 59	State Loop 424	2018	25,913	0.38 mi
TX 360	State Loop 424	2020	29,277	0.38 mi
	Dean Rd	2021	27,933	0.68 mi
US 59 Frontage Road	Karen St	2021	887	0.68 mi
	Dean Rd	2021	1,614	0.69 mi
Farm-to-Market Road 222	Hoot Troha	2021	1,445	0.71 mi
Church Street	Hwy 59	2021	2,560	0.75 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27666 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28681 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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