Kim’s C- Store & IHOP For Sale

Highlights:

• Brand new construction 15 year Absolute Triple Net (NNN) Lease to begin at close of escrow
• Healthy EBITDAR/Rent Coverage Ratio: 2.25x
• 7.5% Rental increases every 5 years provides a secure hedge against inflation
• Excellent visibility and access along highway-271 which sees over 15,200 VPD
• In-house IHOP & grocery sales drive local traffic to this location as well as being adjacent to the Chrysler Dodge jeep ram dealership
• Experienced regional operator with 18+ locations and growing
• Truck stop destination - 8 MPDS with diesel hoses, 6 diesel islands and 4 ‘off-road’ dispensers will drive market-leading fuel sales
• Additional revenue - site features 1.5 ac of truck parking, a mini car wash tunnel, a proposed truck wash, a liquor store and a truck/tire center will boost sales
• Major Trucking Route: US Highway 271 connects Tyler, TX with interstate 30, which leads to Texarkana, Denton and Little Rock
• Pittsburg is the former home of pilgrim’s pride - The largest poultry and egg producer; racing legend Carroll Shelby; and Cavenders boot city
• Pittsburg is equidistant by 2 hours to Dallas, TX (to the West) and Shreveport, LA (to the East)
• Nearby Tenants Include: Dollar General, Family Dollar, Sonic, McDonald’s, Farm Bureau Insurance, True Value Hardware & Lumber, Guaranty Bank & Trust
• Site is Within an Opportunity Zone Allowing the Landlord to Take Advantage of the Tax Benefits Offered in the 2017 Tax Cuts and Jobs Act

Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 8,567 SF Kim’s C-Store and IHOP Located at 2241 US Highway 271 N in Pittsburg, TX. This Deal Includes a Brand New Construction With a 15 Year Absolute Triple Net (NNN) Lease To Begin at Close of Escrow.

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