Current Use by Public Records
- Retail properties & Spaces
Property Details for 3049 Us-83
- Year built
- 2023
- Lot size
- 7.00 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional Class A truck stop, built in 2023, presents a compelling investment opportunity. Located on 7 acres at 3049 US-83 in Tuscola, Texas, this 304,920 square foot property boasts a 7,400 square foot net rentable building with 20 gas pumps. Its strategic location on US-83, a high-traffic corridor with 11,425 vehicles daily, ensures minimal competition and strong profit margins. Financial projections indicate over $200,000 in average monthly inside sales and 248,999 gallons of fuel sold monthly by year three, based on an IMST report. The property benefits from recent acquisition of fleet cards (March 2024) and projected population growth of 5.78% within a 3-mile radius. This owner/user investment offers significant potential for growth and profitability, enhanced by the 60% bonus depreciation. The single-story building is part of a larger complex that includes a convenience store and gas station, making it a complete travel center. This turnkey operation is ready for immediate income generation. The asking price is $8,300,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tuscola
- County
- Taylor
- State
- Texas
- Longitude
- -99.7593
- Latitude
- 32.2473
