1790 Interstate 40
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1790 Interstate 40
3,556 SF Retail Building Adrian, TX 79001 $6,950,000 ($1,954/SF)
Investment Highlights
- 2023 Gross Revenue of $971,025.43 and Net Cash Flow of $845,325.43. 2024 Projected NOI of $950,000.
- Situated on 6.5 Acres; 5.5 acres of raw, undeveloped land - Offering significant development potential for a truck stop or other retail
- Located in an Income Tax Free State | Bonus Depreciation Benefits.
- Owner-user gas station, convenience store & restaurant opportunity. Free and clear of all leases.
- Prime Location located along an interstate thoroughfare (18,000 VPD) with direct frontage to I-40, offering excellent visibility and accessibility.
- 3,556 SF building with a fully operating kitchen, private office, back storage room, and private bedroom for employees or a handyman.
Executive Summary
Opportunity to acquire a highly profitable business and valuable asset with opportunity for future development. This 6.5-acre property, with direct frontage on Interstate 40, offers prime visibility and easy access, attracting approximately 18,000 vehicles per day. This property was extensively renovated in 2020/2021. Currently free and clear of all leases, this property includes a convenience store, restaurant and gas station, with six pumps and a separate canopy for large commercial trucks. Inside features a fully operating kitchen, a private office, back storage room, and a private bedroom for employees. The seller has existing building plans in place to construct an 11,000 SF truck stop on the rear side of the property to complement the gas station. All plans and contacts related to this proposed project can be conveyed to the buyer.
With strong financial performance, boasting a 2023 NOI of $850,000 and a 2024 projected NOI of $950,000, this investment promises immediate cash flow and long-term returns. The property’s strategic location near notable tourist attractions like Cadillac Ranch and historic Route 66 further enhances its appeal. Additionally, the site features large pylon signage visible from I-40. The current owner has plans to build a +/-9,000 SF truck stop on the rear side of the property, complementing the existing facilities. Seller financing considered
With strong financial performance, boasting a 2023 NOI of $850,000 and a 2024 projected NOI of $950,000, this investment promises immediate cash flow and long-term returns. The property’s strategic location near notable tourist attractions like Cadillac Ranch and historic Route 66 further enhances its appeal. Additionally, the site features large pylon signage visible from I-40. The current owner has plans to build a +/-9,000 SF truck stop on the rear side of the property, complementing the existing facilities. Seller financing considered
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,556 SF
Building Class
B
Year Built/Renovated
1979/2021
Price
$6,950,000
Price Per SF
$1,954
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
6.50 AC
Frontage
450 FT on IH 40
Amenities
- 24 Hour Access
- Freeway Visibility
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 123211060100000000000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $37,200 |
PROPERTY TAXES
Parcel Number
123211060100000000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$37,200
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Maven Real Estate Advisors
1790 Interstate 40
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