Listed by The Kase Group
$4,652,175
7-Eleven
Details
Property Type Retail
Sub Type Gas Station
Square Footage 2,340
Cap Rate 6.18%
NOI $287,563
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Expiration 06/29/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $1,988
Investment Type Net Lease
Absolute NNN Lease | 6.18% CAP | Corporate Guarantee
Marketing description
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in
Tyler, Texas. This asset is corporately guaranteed by 7-Eleven. 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 69. There
are several neighboring retailers including Taco Bell, AutoZone, Arby's, IHOP, and
many others.
Investment highlights
Absolute NNN Lease
Zero Landlord Obligations
Corporate Guarantee
Investment Grade Tenant (S&P Rating A)
Income Tax Free State
Situated on State Route 69
Scheduled Rental Increases of 7.5% Every 5 Years
Neighboring Retailers including Taco Bell, AutoZone, Arby's, IHOP, and many others
Listing Contacts
Listed by The Kase Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$287,563.00
$23,963.58/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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