Listed by The Kase Group
$3,304,347
7-Eleven
Details
Property Type Retail
Sub Type Gas Station
Square Footage 3,324
Cap Rate 6.18%
NOI $204,250
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 $994
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Absolute NNN Lease | 6.18% CAP | 7-Eleven Corporate Guarantee
Marketing description
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Grand Saline, 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 U.S Highway 80 and adjacent to Grand Saline City Park.
Investment highlights
Absolute NNN Lease
Zero Landlord Obligations
7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
Income Tax Free State
Bonus Depreciation Benefits
Located on U.S Hwy 80
Adjacent to Grand Saline City Park
Listing Contacts
Listed by The Kase Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,250.00
$17,020.83/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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