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29652301

12440 Hwy 31 W, Tyler, TX 75709

KA
TX 708586, GA 381358 (+3)
The Kase Group
JA
CA 01385529, NE #20160307 (+1)
The Kase Group
Listed by The Kase Group
$4,174,757
114 days on market
Updated 113 days ago

7-Eleven

Details
Property Type Retail
Sub Type Gas Station
Square Footage 3,000
Cap Rate 6.18%
NOI $258,000
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 Options
Price per SqFt $1,392
Investment Type Core

Absolute NNN Lease | 6.15% CAP | 7-Eleven Corporate Guarantee

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 five 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 significant retail traffic 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

Long Term 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
Listed by The Kase Group

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

Valuation Metrics

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DSCR
6.18%
Cap Rate
6.18%
ROI

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