C-Stores for sale in Texas.

The Texas C-store market

Texas leads the U.S. with about 16,500 convenience stores, ahead of California (~12,140), Florida (~9,730), and New York (~7,560). That is more than 1 in 10 stores nationwide. Texas also added the most new stores in the country in 2025, so deal flow here runs deeper than any other state.

Branding is concentrated. Exxon is the most prevalent flag at 1,948 sites, followed by Shell at 1,578, with strong Chevron, Valero, and unbranded representation across rural and urban corridors. That mix matters for buyers. A branded site with a jobber supply contract trades on different terms than an unbranded independent. See our guide on branded vs unbranded stations and who the active buyers of C-stores are in this market.

Buying a C-store in Texas

Texas listings range from single-store independents to high-volume branded sites with real estate. About 60% of U.S. operators are single-store owners, so most Texas opportunities are family-run. A busy urban Texas station can move 100,000 to 150,000 gallons per month against a U.S. average of roughly 4,000 gallons per day.

Financing a fuel deal takes planning. SBA 7(a) caps at 5 million dollars, special-purpose stations require a 15% minimum equity injection (commonly 10-15% down), and real estate terms run up to 25 years. June 2026 rates are roughly 9% to 11.5% APR variable, with closings in 30 to 90 days. A Phase I ESA (ASTM E1527-21) is required for SBA fuel deals and runs 1,800 to 3,500 dollars. Start with how to buy a C-store and the SBA 7(a) loan guide.

Selling a C-store in Texas

Texas sellers benefit from the deepest buyer pool in the country and strong demand for branded, high-volume sites. Most Texas sales close in 3 to 6 months, sometimes 6 to 12 for largercomplex deals. Pricing depends on whether you sell the business only, the business with a leasethe business with the real estate.

Broker fees run 10-20% on business-only deals and about 6-10% on real-estate-inclusive deals. Clean UST records and a current Phase I help a sale move faster, since many conventional lenders avoid tanks because of CERCLA strict liability. List with us on the sell page , review broker fees , and read how to sell a C-store . Call . Use the sector resources to prepare your questions, or send an independent inquiry.

Texas cap rates and values

Texas NNN C-stores trade at about 5.63%, tighter than the national average near 5.6% (roughly 5.58% with fuel) and close to the tightest markets like Florida near 5.11%. Tenant credit drives the spread. Wawa sits at 4.83-5.20%, 7-Eleven at 5.00-5.40%, Murphy USA near 5.13%, and Circle K at 5.35-5.65%.

For operating valuations, business-only Texas stores trade at 2.5x to 4.0x EBITDA (SDE 2.0x-3.5x for smaller sites). Business plus a lease runs 4.0x to 7.0x EBITDA, and business with real estate runs about 8x, from 7x to 9x in premium markets. A per-gallon method ranges 0.05 to 0.30 dollars per gallon of monthly throughput. Run numbers with our valuation calculator and cap rate calculator, then see cap rates by state.

Texas metros and regions

Most Texas deal volume sits in the 4 major metros. Dallas-Fort Worth is our home base and the largest concentration of branded high-volume sites and investment-grade NNN listings. Houston carries heavy throughput corridors and strong jobber networks. San Antonio and Austin round out the demand, with Austin pricing tightening as urban traffic counts climb.

Rural and highway Texas sites trade differently, often closer to 4x EBITDA and unbranded, which can suit owner-operators and absentee buyers alike. A small-to-medium Texas station often nets about 70K to 100K dollars per year, ranging to 100K-500K by site. For absentee structures see absentee ownership, and for NNN buyers see NNN C-store investing. Call to discuss any Texas metro.