204 Main St Bellville, TX 77418-1526

Property Details for 204 Main St

Year built

1968

Lot size

0.19 lot acres

Property size

8,578 SF

Property type

Commercial real estate

APN

20039

APU

20039

Description

This exceptional investment opportunity presents a 1,458 square foot Citgo gas station located at 204 E Main St, Bellville, TX 77418. The property, built in 1968, boasts a strong operational history of over fifty years, firmly established within the Bellville community. Its strategic downtown location, surrounded by diverse retail, restaurants, and civic services (including City Hall, a bank, police department, and public library), ensures high visibility and accessibility. The property benefits from significant traffic counts due to its position at the intersection of Main St and Highway 159, with nearby access to Texas 36 and Farm to Market Road 529. The attractive demographics within a 5-mile radius include a population exceeding 6,754 residents, an average household income of $104,276, and a projected 10.40% population growth over the next five years. The current Net Net (NN) lease with Citgo has a remaining term of 1.7 years, with a 2-year option, providing stable and predictable cash flow. The asking price is $575,000, representing a price per square foot of $394.38 and a land value of $394 per square foot. The property's NOI is $39,624, resulting in a 6.89% cap rate. Its proximity to Houston, Texas (just over an hour's drive), offers access to broader economic opportunities. The location in Texas, an income-tax-free state, provides significant tax advantages. This is a rare opportunity to acquire a well-established, high-performing retail property in a thriving Texas community.