Casey's General Store - Net Lease Property for Sale
Temple, TX
Key Investment Metrics
Price
$9,555,000
Cap Rate
5.2%
Net Operating Income
$496,875
Building Size
6013 SF
Lot Size
6,013 SF
Land Area
3.59 Acres
Remaining Term
12 years
Lease Expiration
03/31/2038
Lease Term
15 years
Lease Commencement
03/31/2023
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
7.5% Every 5 Years
About This Casey's General Store Net Lease Property
This Casey's General Store NNN (triple net lease) property is located in Temple, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 6013 square feet of building space and was built in 2020.
With a cap rate of 5.2%, this Casey's General Store net lease property offers stable income potential. The asking price is $9,555,000, making it an attractive option for 1031 exchange investors seeking quality Casey's General Store commercial properties.
Why Invest in Casey's General Store NNN Properties?
- Stable Income: Casey's General Store net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Casey's General Store is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Temple, TX Market Overview
Located in Temple, TX, this Casey's General Store property benefits from strong local demographics and market fundamentals. The Temple area offers excellent visibility and accessibility, making it an ideal location for Casey's General Store operations and a solid investment for net lease property buyers.