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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29183723

12440 Hwy 31 West, Tyler, TX 75709

KA
TX 708586, GA 381358 (+3)
The Kase Group
JA
CA 01385529, NE #20160307 (+1)
The Kase Group
The Kase Group
Listed by The Kase Group
$4,195,122
167 days on market
Updated 86 days ago

7-Eleven

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 3,000
Cap Rate 6.15%
NOI $258,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Expiration 06/30/2035
Remaining Term 9
Rent Bumps Yes
Lease Options Three, 5-Year Options
Price per SqFt $1,398
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Absolute NNN Lease 7-Eleven | 6.15% CAP | Income Tax Free State

Marketing description

This is the opportunity to acquire a high‑performing 7‑Eleven

location in Tyler, Texas, secured by an Absolute NNN Lease. The

lease term includes three 5‑year renewal options, providing

long‑term stability, and the lease is set to expire on June 30, 2035.

The lease features 7.5% rent increases every {ve years, ensuring

rent growth and providing investors with consistent returns over

time.

The property is positioned along State Highway 31 West, a major

east‑west corridor through Tyler, with strong daily vehicle

exposure of approximately 15,681 vehicles per day and enhanced

visibility from nearby Highway 323 SW, which carries an additional

estimated 35,620 vehicles per day, supporting signi{cant retail

traf{c and customer draw. Tyler serves as the commercial and

cultural center of East Texas, offering a growing population base,

access to multiple major highways including US‑69, US‑271, and

Interstate‑20, and convenient proximity to Tyler Pounds Regional

Airport — all contributing to a robust regional consumer market.

With an Absolute NNN Lease structure, there are no landlord

responsibilities, providing a passive and hands‑off investment.

Coupled with Texas’ pro‑business environment and absence of

state income tax, this asset presents a compelling opportunity for

investors seeking stable, long‑term income.

Investment highlights

15 Year Absolute NNN Lease

Zero Landlord Obligations

Corporate Guarantee: Investment Grade Credit

7-Eleven Corporate (S&P: AA-)

Located in Strong Texas Market

Income Tax Free State

Listing Contacts

KA
TX 708586, GA 381358 (+3)
The Kase Group
JA
CA 01385529, NE #20160307 (+1)
The Kase Group
The Kase Group
Listed by The Kase Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$258,000.00
$21,500.00/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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