521 Austin AveDenison, TX 75020

For Sale
$725,000

Profitable gas station, turnkey operation.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 1,464 square foot gas station located at 521 N Austin Ave, Denison, TX 75020. The property sits on a 0.3-acre lot and features two gas pumps, a convenience store, and is currently operating at 100% occupancy. Built in 1994, this single-story, Class C building boasts a strong NOI of $68,500, resulting in a 9.45% cap rate. The property is zoned for local retail and operates under an Absolute NNN lease with zero years remaining. The asking price is $725,000, translating to $495.22 per square foot. Inventory is included in the sale, making this a truly turnkey operation. The property benefits from a high-traffic location on N Austin Avenue, with traffic counts ranging from 5,000 to 8,000 vehicles. This is a value-add investment opportunity with significant potential for future growth. The Grayson County location and strong current performance make this a compelling investment for those seeking a profitable, established business. The property's single-unit structure and investor-owner occupancy history further enhance its appeal. All information is based on data available at the time of listing.

Highlights

  • 8%+ Cap Rate.
  • High traffic counts (5k-8k vehicles daily).
  • Inventory included in sale.
  • Turnkey operation.

Property Details for 521 Austin Ave

Property type
Other retail properties, Other land
Square Feet
1,464 SF
Class
C
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
13,068 SF
Units
1

Location Insight

City
Denison
County
Grayson
State
Texas
Latitude
33.7602972
Longitude
-96.5368327
521 Austin Ave, Denison, Texas

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521 Austin Ave
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