SQRL

2204 U.S. 77, Driscoll, TX 78351

$2,843,000

Cap Rate 7.25%

Views: 120 Updated: 01.03.24 Posted: 10.24.23 Status: Inactive

Summary

Price $2,843,000	Built/Renov 1972/2023	Tenant SQRL
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 1,816	Lease Start 04-21-2023	#Units 139
Price/SF $1,565.53	Expiration 04-30-2043	Tenant Type Convenience/Gas
NOI $206,141	R. Term 18.5	Ownership Fee Simple
Rent/SF $113.51	Increases 2.0%/1/yrs	Pop 5Mi 2,560
Lot/AC 0.58	Options 4/5yrs/2%	AHHI 5Mi $66,587

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 c-store and gas station is strategically located on US Highway 77 with clear visibility and access to over 22,400 vehicles passing by daily. SQRL has plans to offer drive-thru & order at pump convenience store service, electric vehicle charging station, and free Wi-Fi. The subject property is adjacent to Driscoll Independent School (289+ students) and a USPS office...

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Key Features

Recent renovation
Strategically located
Highway location
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 Driscoll, Texas Zip Code 78351 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
US Hwy 77	E Ave D	2010	19,900	0.00 mi
US Hwy 77	E Ave C	2018	22,954	0.13 mi
North US Highway 77	E Ave C	2021	23,396	0.13 mi
West Avenue A	4th St	2021	3,415	0.25 mi
East Avenue A	7th St	2021	5,902	0.26 mi
North US Highway 77	Ave A	2021	20,644	0.29 mi
US Hwy 77 N	Hwy 77	2010	18,500	0.30 mi
E Ave B	8th St	2010	5,200	0.30 mi
E Ave A	Co Rd 79	2010	4,400	0.45 mi
South US Highway 77	4th St	2021	21,608	0.49 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27495 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28503 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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