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13318122
13318121

14680 State Hwy 31 W, Brownsboro, TX 75756

RB
IL IL 471005983
The Boulder Group
JF
IL 475154756
The Boulder Group
Listed by The Boulder Group
$3,932,926
126 days on market
Updated 33 days ago

7-Eleven

Details
Property Type Retail
Sub Type Gas Station
Square Footage 4,085
Cap Rate 5.90%
NOI $241,875
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Expiration 06/30/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options Three 5-year
Price per SqFt $963
Year Built 1999
Acreage 1.110
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/15/2020

5.90% Cap Rate | 100% Bonus Depreciation | NNN | Texas

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased 7-Eleven property positioned in Brownsboro, Texas. 7-Eleven has been operating at this property since 2020. The current 7-Eleven lease expires in June 2035 and is triple net with no landlord responsibilities. The rent increases by 7.5% every 5 years during the primary term and three 5-year renewal options. 7-Eleven is an investment grade rated tenant (A - Standard & Poor’s). Texas is an income tax-free state, a benefit for potential buyers.

7-Eleven is situated on a 1.11-acre lot with a terrific hard-corner location. The site contains a 4,085 square foot 7-Eleven that opened in 2020. The property also features a 4,400 square foot freestanding fuel canopy containing 12 fuel dispensers. The property benefits from its position on Highway 31 W, which experiences 16,039 vehicles per day and leads directly east to Tyler, Texas and west to Athens, Texas. Nearby national retailers include Sonic and Dollar General. The property is also located in proximity to many local establishments and the Brownsboro schools.

7–Eleven, Inc. is the premier name in the convenience-retailing industry. Based in Irving, Texas, 7–Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada and 84,000+ stores worldwide. In addition to 7–Eleven stores, 7–Eleven, Inc. operates and franchises Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations. Known for its iconic brands such as Slurpee, Big Bite and Big Gulp.

Investment highlights

  • Eligible for bonus depreciation - Consult with your CPA

  • Texas is an income tax-free state

  • Investment grade tenant – A rating (Standard & Poor’s)

  • Over 9 years remaining on lease

  • 7.5% rent escalations every 5 years during primary term and options periods

  • Three 5-year renewal options

  • NNN lease – no landlord responsibilities

  • Situated on a 1.11-acre lot

  • Hard-Corner location

  • Fuel canopy with 12 Exxon fuel dispensers

  • Located along State Highway 31 W (16,039 VPD)

  • 9,954 people live within a 7-mile radius

  • Average household income within 7 miles is $86,102

Listing Contacts

RB
IL IL 471005983
The Boulder Group
JF
IL 475154756
The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$241,875.00
$20,156.25/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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