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 (34,572 VPD) and West Pleasant Ridge Road (10,102 VPD). 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.