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Texas
Gas stations for sale in Texas.
Home market. ~16,500 C-stores, more than any other state and over 1 in 10 in the U.S.; Exxon (1,948) and Shell (1,578) are most concentrated here, and TX added the most new stores in the country in 2025.
Texas is the largest gas station and C-store market in the country, and it is our home market. The state holds about 16,500 convenience stores, more than any other state and over 1 in 10 of the roughly 152,000 stores in the U.S. Exxon (1,948 sites) and Shell (1,578 sites) are most concentrated here, and Texas added the most new stores in the country in 2025. Gas Station Trader is a specialist gas station and C-store brokerage based in Dallas, TX (Eagle Nest Property Group) with 250 million dollars plus transacted. We represent buyers and sellers across the state and handle buy/sell, sale-leaseback, and finance. To talk through a Texas deal, call 469.949.6467 or start on our buy and sell pages.
The Texas gas station 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 gas stations are in this market.
Buying a gas station 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 gas station and the SBA 7(a) loan guide.
Selling a gas station 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 larger or complex deals. Pricing depends on whether you sell the business only, the business with a lease, or the 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. We handle full marketing, buyer qualification, and closing coordination. List with us on the sell page, review broker fees, and read how to sell a gas station. Call 469.949.6467.
Texas cap rates and values
Texas NNN gas stations 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 gas station investing. Call 469.949.6467 to discuss any Texas metro.
Active deals
Stations & portfolios for sale
By metro
Gas stations for sale across Texas
FAQ
Buying & selling gas stations in Texas
Texas has about 16,500 convenience stores, more than any other state and over 1 in 10 of the roughly 152,000 stores in the U.S. The state also added the most new stores in the country in 2025. Exxon (1,948 sites) and Shell (1,578 sites) are the most concentrated brands here.
NNN gas stations in Texas trade at about 5.63%, tighter than the national average near 5.6% and close to the tightest markets like Florida near 5.11%. Credit tenants compress further, with 7-Eleven at 5.00-5.40% and Circle K at 5.35-5.65%. You can model a deal with our cap rate calculator.
Pricing depends on structure. Business-only Texas stores trade at 2.5x to 4.0x EBITDA, business with a lease at 4.0x to 7.0x, and business with real estate at about 8x (7x to 9x in premium markets). A per-gallon method runs 0.05 to 0.30 dollars per gallon of monthly throughput. See how much a gas station costs.
Most Texas gas station sales close in 3 to 6 months, sometimes 6 to 12 for larger or complex deals. SBA-financed buyers add 30 to 90 days at closing, and a current Phase I ESA (1,800 to 3,500 dollars) keeps fuel deals moving since many conventional lenders avoid USTs. Call 469.949.6467 to list.
Texas market depth
How we read Texas gas stations.
Texas is the home market and the deepest convenience-store market in the country, with major metro, border, energy, and interstate demand. This section is written for owners, buyers, lenders, and investors comparing Texas opportunities against other states.
Dallas, Fort Worth, Houston, San Antonio, Austin, El Paso, Arlington, and Corpus Christi are the reference markets we use when comparing pricing, traffic, and buyer depth across Texas.
Buyers range from single-store SBA operators to jobbers, private operators, family offices, and 1031 investors chasing scale. We match the buyer pool to the asset before we set pricing, because a net-lease investor, SBA buyer, and jobber underwrite the same store differently.
- review TCEQ tank records, environmental reports, and fuel-supply assignment early
- separate metro, highway, border, and oilfield demand in the underwriting
- confirm property-tax assumptions, ingress, and traffic counts before final pricing
Gas Station Trader uses this Texas page as a hub for Dallas, Fort Worth, Houston, San Antonio, Austin, El Paso, Arlington, and Corpus Christi. For a confidential read on a specific Texas gas station, start with a valuation or buyer brief and we will route it by metro, brand, real estate, fuel contract, and environmental profile.
Fuel and forecourt lens
Texas through the fuel retail underwriting lens.
This page is evaluated through the fuel site first: gallons, grade mix, margin after card fees, MPD count, canopy visibility, tank history, environmental risk, supplier economics, and the physical forecourt. For local fuel pages, the question is whether traffic, ingress, tanks, and brand presence convert into durable gallons.
Required canopy, dispenser, signage, restroom, or loyalty-image upgrades can turn an attractive fuel site into a capital-heavy acquisition.
Lighting, camera coverage, pump-island visibility, cash exposure, and overnight staffing affect both operations and buyer comfort.
Gross margin is not enough. Card fees, freight, rebates, price wars, and discount programs decide how much fuel profit is real.
Phase I findings, UST history, insurance, open incidents, and remediation obligations should be cleared before a lender or serious buyer relies on price.
For gas station deals, the highest-value diligence usually lives in wet-stock reports, tank records, fuel invoices, supplier contracts, dispenser condition, canopy and lighting, traffic ingress, environmental reports, and fuel margin history. This market page is intentionally written for buyers, operators, lenders, and investors underwriting fuel volume and fuel real estate, so it should be evaluated on the specific commercial questions it answers, not only on broad national search terms.
Decision checklist
What makes Texas a real diligence page.
This market page is strongest when it helps a visitor decide what to do with a real fuel asset. The checklist below keeps the page tied to gas-station economics: gallons, tanks, supplier terms, forecourt condition, environmental records, card fees, and traffic conversion.
Ask for evidence. Required canopy, dispenser, signage, restroom, or loyalty-image upgrades can turn an attractive fuel site into a capital-heavy acquisition. For Texas, do not treat this as generic background; make it part of the buyer, seller, lender, or investor checklist.
Ask for evidence. Lighting, camera coverage, pump-island visibility, cash exposure, and overnight staffing affect both operations and buyer comfort. For Texas, do not treat this as generic background; make it part of the buyer, seller, lender, or investor checklist.
Ask for evidence. Tank tightness, release history, monitoring, cathodic protection, spill buckets, and ATG reports belong in the first diligence package. For Texas, do not treat this as generic background; make it part of the buyer, seller, lender, or investor checklist.
Ask for evidence. Ask for monthly gallons by grade and diesel, not one annual total. Seasonality, price competition, and grade mix can change the real margin story. For Texas, do not treat this as generic background; make it part of the buyer, seller, lender, or investor checklist.
Ask for evidence. The fuel supply agreement controls pricing, rebates, volume commitments, assignment rights, branding, and whether a buyer can actually step into the deal. For Texas, do not treat this as generic background; make it part of the buyer, seller, lender, or investor checklist.
For Gas Station Trader, the indexed value of the page should come from how well it answers the fuel-site question: what would a serious owner, buyer, lender, or broker verify before trusting the gallons and the real estate?
Texas market proof
Why Texas deserves its own diligence page.
Texas should be evaluated as a fuel-retail market, not just a map page. A serious state page needs traffic conversion, corner quality, gallons, tank and environmental expectations, supplier economics, diesel demand, and the lender questions that can slow a fuel-property closing.
Traffic count only matters if drivers can see, enter, fuel, and exit easily. Median cuts, signalized corners, truck access, and competing corners must be mapped. Treat this as a local proof point for Texas, not boilerplate geography.
Diesel mix, fleet accounts, commercial routes, and truck access can materially change value, especially for highway and industrial-market assets. Treat this as a local proof point for Texas, not boilerplate geography.
Phase I findings, UST history, insurance, open incidents, and remediation obligations should be cleared before a lender or serious buyer relies on price. Treat this as a local proof point for Texas, not boilerplate geography.
Gross margin is not enough. Card fees, freight, rebates, price wars, and discount programs decide how much fuel profit is real. Treat this as a local proof point for Texas, not boilerplate geography.
Dispenser age, EMV status, hose condition, canopy lighting, signage, paving, and pump-island layout can create near-term capital needs after closing. Treat this as a local proof point for Texas, not boilerplate geography.
The fuel supply agreement controls pricing, rebates, volume commitments, assignment rights, branding, and whether a buyer can actually step into the deal. Treat this as a local proof point for Texas, not boilerplate geography.
Lead qualification
What a serious Texas inquiry should include.
Gas Station Trader should turn Texas traffic into fuel-property leads with enough detail to underwrite the site, not just a name and phone number. A useful inquiry explains the fuel asset, the tank and supplier proof, and the decision timeline.
Share whether this is a single station, portfolio, brand page, market search, guide question, or tool output. Include gallons, brand or supplier, MPD count, diesel mix, real estate versus leasehold, and tank ownership or responsibility.
The strongest gas-station lead can provide monthly gallons, wet-stock records, supplier agreement, fuel invoices, card fees, tank and ATG records, Phase I material, environmental history, and forecourt capex notes.
Clarify whether the goal is to buy, sell, value, refinance, or prepare for a 1031 or sale-leaseback. Include price range, financing capacity, timing, geography, and any supplier or environmental constraints.
For this market page, a high-quality lead is one where the fuel economics, tank/supplier risk, and next action are clear enough for a broker or principal to respond intelligently.
Institutional guidance
Before you act on Gas Stations for Sale in Texas, talk with a sector broker.
Gas Station Trader is built to turn market interest into a real next step: valuation, buyer match, lending path, diligence package, or confidential sale strategy. Eagle Nest Property Group works across owners, operators, 1031 buyers, and private capital in fuel retail.
Confidential valuation
Qualified buyer routing
Deal and diligence support
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Whether you are acquiring your first store in Texas or exiting a portfolio, we know the Texas market and the buyers in it.
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