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7-Eleven Absolute NNN Lease 101 State Highway 31 W 8,500 SF Retail Building Chandler, TX 75758 $4,173,913 ($491.05/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 Year Absolute NNN Lease
- Corporate Guaranty: Investment Grade Credit
- Located in Strong Texas Market
- Zero Landlord Obligations
- 7-Eleven Corporate (S&P: AA-)
- Income Tax Free State
EXECUTIVE SUMMARY
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Chandler, Texas. This asset is corporately guaranteed by 7- Eleven and operated by Montfront, a franchisee. 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 State Highway 31.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
8,500 SF
Building Class
B
Year Built
2013
Price
$4,173,913
Price Per SF
$491.05
Cap Rate
6.18%
NOI
$257,948
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.65 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0136-3150-0000-12 | Improvements Assessment | $2,423,166 |
| Land Assessment | $142,483 | Total Assessment | $2,565,649 |
PROPERTY TAXES
Parcel Number
0136-3150-0000-12
Land Assessment
$142,483
Improvements Assessment
$2,423,166
Total Assessment
$2,565,649
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7-Eleven Absolute NNN Lease | 101 State Highway 31 W
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