Property profile

735 Us-62 Wolfforth, TX 79382

OFF-MARKET
Retail properties & Spaces
2,336 SF 0.3 ac lot Built 1970
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Property summary

AI-generated overview

This established convenience store, located at 735 US-62 in Wolfforth, Texas (Lubbock County, zip code 79382), presents a compelling owner-user investment opportunity. The 2,336 square foot building sits on a 0.3-acre lot and boasts a Class B rating. Built in 1970, the single-story structure includes four gas pumps, and features a drive-thru beverage barn (currently not in operation but ready for use). The property is zoned for outside city limits and has a single tenancy. Recent improvements totaling $60,000 include a newly reconditioned high-rise sign, a new digital price marquee, a new canopy, and a new Commander POS system. Financial performance for 2022 shows strong sales figures: $448,000 in lottery sales, $367,000 in inside sales, and $396,000 in outside sales. A 10-year lease agreement with the petroleum company is in place. The asking price is $299,000, translating to $128 per square foot. This property benefits from excellent highway access on and off Highway 62/82, proximity to two farmers' markets and Frenship ISD, and has received pre-qualification for SBA financing. The property's APN is R106634. This is a turnkey operation with significant potential for growth given the strong residential growth in the Lubbock and Wolfforth areas. The store offers lottery tickets, beer, and wine.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1970
Total area 2,336 SF
Lot 0.3 ac (13,068 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

735 Us-62 Wolfforth, TX 79382
Wolfforth metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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