CEFCO (Casey’s) Tyler, TX

16158 State Highway 31 West
Tyler, TX

Price: $7,081,000
Cap Rate: 5.00%
NOI: $354,050
Building Size: Approx. 6,739 Sq. Ft.
Lot Size: Approx. 5.72 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2019

Investment Overview

  • 2019 Construction. 6,739+/- SF Building. 5.72+/- Acre Site
  • 11+ Years Remaining on Abs. NNN Lease with 7.5% Rent Increases in Primary Term & Option Periods, Plus (6) 5-Year Options to Renew
  • Large Truck Stop Site (5.72 AC) with Excellent Visibility & Access – Prime Location Along State Highway 31 W (21,820+ VPD)
  • Proximity to Regional Demand Drivers- 2 Mi. from Tyler Pounds Regional Airport (50,000+ Annual Flights)
  • Tyler Is the Commercial and Cultural Capital of the East Texas Region – 80 miles from both Dallas, TX & Shreveport, LA
  • Corporate CEFCO Backed by Casey’s General Stores (3rd Largest C-Store Chain in U.S.) – Casey’s Purchased CEFCO in 2024 in $1.145-billion Acquisition
  • Tyler | Ranked 9th Best Southwest City for Economic and Job Growth | Population: 113,030+

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