7-Eleven | Mineola, TX
15-Year Abs NNN Lease | High Traffic Site on Signalized Intersection
Marketing description
» New 15-year absolute NNN lease to 7-Eleven (S&P: “A-”, Moody’s: “Baa2”), the world’s leading convenience store chain operating over 9,500 locations in the U.S.
» 7.5% rental increases every five (5) years in initial term and three (3) five-year option periods, ensuring consistent income growth.
» Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
» 7-Eleven generates over $30 billion in annual U.S. revenue, driven by iconic brands like Slurpee and Big Gulp.
» 7-Eleven’s universal brand recognition makes it a cornerstone in high-traffic locations, drawing customers across demographics.
Investment highlights
» Prime 7-Eleven Location: High-visibility location near the signalized intersection of North Pacific Street and Greenville Highway, which experiences a combined traffic count of over 20,000 vehicles per day.
» Reliable Tenancy: Leased to 7-Eleven, the world’s leading convenience store chain operating over 9,500 locations in the U.S.
» Strong Demographic Base: The 20-mile radius serves a populous region of approximately 100K residents, with an average annual household income of$97,554 within fifteen miles.
» U.S. Route 69 & 80: The site is located just U.S. Route 69, a primary Mineola thoroughfare connecting to the broader Dallas region, and also features beneficial proximity to U.S. Route 80, increasing both local and long commuter traffic past the site.
» Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
» Growing Market Dynamics: Projected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise this 7-Eleven and Mineola for steady concurrent growth.
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