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    OFF-MARKET
    Retail properties & Spaces

    735 Us-62, Wolfforth, TX 79382

    2,336 SF 0.3 ac lot Built 1970
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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