Description

This offering features a 20-year absolute NNN lease with zero landlord responsibilities, providing a secure, passive investment with four additional five-year renewal options and up to 40 years of total lease term. The property includes eight existing fuel pumps and may qualify for bonus and accelerated depreciation (buyers should consult a CPA). Operated by a multi-unit tenant with both corporate and personal guarantees, the asset is supported by strong unit-level sales and a favorable rent coverage ratio. The lease structure includes 12.5% rent increases every five years, offering an effective hedge against inflation. Located on Commerce Street—the primary retail corridor in Fairfield—this property benefits from its strategic position between Dallas and Houston, as well as an affluent surrounding area with average household incomes exceeding $81,600 within a three-mile radius.