RaceTrac (Recent 10-Year Extension)

Offered for sale is a RaceTrac convenience store and fuel station in Arlington, Texas. RaceTrac recently exercised a 10-year renewal extending its corporate-guaranteed absolute net lease through October 2036, with a contractual rent increase at the midpoint of the term. The 1.56-acre property is positioned at the signalized intersection of South Bowen Road and West Pleasant Ridge Road, with South Bowen Road carrying approximately 34,572 vehicles per day, and includes 24 fueling positions. The location is also one of 30 Dallas-Fort Worth stores included in RaceTrac’s nearly $20 million regional remodel initiative. The surrounding 5-mile trade area includes 298,770 residents, 109,336 households and a daytime population of 290,201. Nearby demand drivers include The Parks Mall at Arlington, Walmart Supercenter, WinCo Foods, UT Arlington, Texas Health Arlington Memorial Hospital and General Motors’ Arlington Assembly plant.