1201 Crawford St Denison, TX 75020-4223

Property Details for 1201 Crawford St

Year built

1994

Lot size

0.09 lot acres

Property size

1,205 SF

Property type

Commercial real estate

APN

D017 3117726

APU

D0173117726

Description

This exceptional value-add investment opportunity presents a 2,500 square foot convenience store with two buildings on a 0.28-acre lot in Denison, Texas. The property, built in 1994, features two gas pumps and is currently 100% occupied, generating a current NOI of $28,290 and a 2.40% cap rate. The pro-forma cap rate is projected at 4.72%. The property is zoned commercial and benefits from an absolute NNN lease type. The existing inventory is included in the sale price of $600,000 ($240/sq ft). The property consists of two buildings on three combined lots (1201 W Crawford, 1207 W Crawford, and 227 S Perry Ave), offering significant potential for expansion or repurposing. The additional building could be used as office space or for residential purposes. This multi-tenant property offers a strong return on investment with significant upside potential. The property's prime location ensures high visibility and accessibility, making it an ideal investment for both seasoned investors and entrepreneurs seeking a turnkey operation. The current occupancy date is May 30, 2023, with a remaining lease term of zero years, providing immediate control and flexibility for the new owner. The property's strong cash flow and potential for increased profitability make it a compelling investment opportunity in a growing market.