Yesway

1402 E Highway 84, Slaton, TX
Deal Type:
Sale Leaseback
Price:
$7,631,525
Cap Rate:
5.75%
Current Rent:
$438,813
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-year options
Building Sq. Ft.:
5,630 SF
Rent Increases:
2% Annually
Site Size:
5.20 Acres

Investment Highlights

  • Brand new 20-year absolute NNN lease with 2% rent increases and no landlord maintenance responsibilities
  • Property is ideally situated directly off of US-84., seeing more than 15,000 VPD
  • Strong site level performance with 3x rent coverage
  • Corporate guarantee by Yesway (425+ stores)
  • Opportunity to capture bonus depreciation*
  • Located in an income tax free state

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Graham Gold

Vice President
314 324 8792
graham@stream-cp.com

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com

Kyler Bean, Stream Capital Partners Lic. #9012666

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