3900 Houston School Rd, Lancaster, TX 75134-1322

This exceptional investment opportunity presents a fee-simple interest in a single-tenant QuikTrip convenience store and gas station located at 3900 N Houston School Rd, Lancaster, TX 75134. The property, built in 2014, boasts 5,858 square feet on a 2.1-acre lot and features 20 gas pumps. The property benefits from a highly visible location on a signalized intersection at the I-20 exit ramp, experiencing over 171,000 vehicles per day. The absolute NNN lease with QuikTrip Corporation provides a corporate guarantee and minimal landlord responsibilities. The current lease, commencing May 1, 2015, and expiring June 30, 2034, has a remaining term of 9.6 years, including seven 5-year renewal options. The asking price is $5,018,000, representing a price per square foot of $856.61 and a 5.65% cap rate. The current Net Operating Income (NOI) is $283,524. Rent bumps of approximately $1.83 per square foot occur every five years, with the next increase scheduled for May 2025. The property is situated in a rapidly growing area, within the DFW metroplex, near major distribution centers. This is a strong, stable investment with a proven tenant and significant upside potential. The property is 100% occupied since its opening date of May 1, 2015.