3% Buy-Side Fee | 7-Eleven | Recent Lease Extension | NNN
Retail | 6.25% CAP | 2,661 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 3801 N Town East Blvd, Mesquite, TX 75150. The site consists of roughly 2,661 rentable square feet of building space on an estimated 0.5-acre parcel of land. This 7-Eleven is subject to a Triple Net (NNN) lease that commenced 2/19/1988 under an initial 15-year term and has since been extended through 12/31/2031. The current annual rent is $99,000 and has scheduled increases of 10.00% in options.
Investment highlights
7-Eleven Corporate Lease | Backed by a corporate lease with 7-Eleven, the world’s largest convenience store chain with 83,000+ locations and investment-grade credit.
NNN Lease – Zero Landlord Responsibilities | Absolute NNN lease with 6 years of term remaining and no landlord responsibilities — ideal for passive investors.
Tenant Recently Extended Lease | 7-Eleven recently exercised a 5-year extension, signaling strong store performance and commitment to the location.
Attractive Yield in DFW Metro | Offered at a compelling cap rate relative to similar assets in Dallas-Fort Worth, one of the fastest-growing metros in the U.S.
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