Listed by The Kase Group
$3,391,304
7-Eleven
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 2,546
Cap Rate 6.18%
NOI $209,625
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2035
Remaining Term 9
Rent Bumps Yes
Lease Options Three, 5 Year Options
Price per SqFt $1,332
Lot Size (SqFt) 21,257
Lease Commencement 06/15/2020
Absolute NNN Leased 7-Eleven | Bonus Depreciation Benefits | Located along TX-110
Marketing description
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Whitehouse, Texas. The lease calls for zero landlord obligations with 7.5% rental increases every 5 years and three, 5 year options to renew. The site benefits being located along Texas Highway 110 with exposure to 17.000 vehicles per day and 0.4 miles from Whitehouse Town Center Shopping Mall.
Investment highlights
Absolute NNN Lease
Zero Landlord Obligations
Income Tax Free State
Bonus Deprecation Benefits
Located on Texas Hwy 110
17,000 VPD
0.4 Miles from Whitehouse Town Center Shopping Mall
Listing Contacts
Listed by The Kase Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$209,625.00
$17,468.75/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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Property History
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