3900 Houston School Rd Lancaster, TX 75134-1322

Property Details for 3900 Houston School Rd

Year built

2014

Construction

FRAME

Lot size

1.70 lot acres

Property size

5,850 SF

Zone code

Z39

Property type

Grocery and convenience stores

APN

65001411510010200

APU

65001411510010200

Description

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.

Location Insight

City

Lancaster

County

Dallas

State

Texas

Longitude

-96.8051

Latitude

32.641

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments