Cap Rate: 6.48%
Net Operating Income: $60,000
This is an absolute net leased C-Store offering in Kilgore, Texas. This Mountain Express branded station has a new 20 year absolute NNN lease and calls for 1.75% Annual Increases in rent. The lease is corporately guaranteed by a leading 462-unit operator.
Kilgore is a city in Gregg and Rusk counties in the eastern part of the U.S. state of Texas. Over three-fourths of the city limits is located in Gregg County, the remainder in Rusk County. Kilgore was the childhood residence from age six of the noted classical pianist Van Cliburn, the namesake for Van Cliburn Auditorium on the Kilgore College campus. The population was 12,975 at the 2010 census; and the population is 14,820 at the 2020 census.