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7-Eleven Absolute NNN Lease 11421 State Highway 64 W 2,520 SF Retail Building Tyler, TX 75704 $4,652,175 ($1,846.10/SF) 6.18% Cap Rate
Investment Highlights
- Absolute NNN Lease
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
- Income Tax Free State
- Zero Landlord Obligations
- Located along State Highway 64 which gives direct access into Downtown Tyler
- Neighboring Retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more
Executive Summary
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 State Highway 64 which gives direct access into
Downtown Tyler, and less than 1 mile from a Walmart Supercenter and
other retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt,
Starbucks and more.
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 State Highway 64 which gives direct access into
Downtown Tyler, and less than 1 mile from a Walmart Supercenter and
other retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt,
Starbucks and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,520 SF
Building Class
C
Year Built
2020
Price
$4,652,175
Price Per SF
$1,846.10
Cap Rate
6.18%
NOI
$287,504
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Zoning
C-1
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-00000-0026-00-049010 | Improvements Assessment | $470,828 |
| Land Assessment | $43,617 | Total Assessment | $514,445 |
Property Taxes
Parcel Number
1-00000-0026-00-049010
Land Assessment
$43,617
Improvements Assessment
$470,828
Total Assessment
$514,445
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7-Eleven Absolute NNN Lease | 11421 State Highway 64 W
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