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7-Eleven Absolute NNN Lease 12440 Hwy 31 West 3,000 SF Retail Building Tyler, TX 75709 $4,195,122 ($1,398.37/SF) 6.18% Cap Rate

INVESTMENT HIGHLIGHTS
- 15 Year Absolute NNN Lease
- Corporate Guarantee: 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 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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
3,000 SF
Building Class
C
Year Built
1980
Price
$4,195,122
Price Per SF
$1,398.37
Cap Rate
6.18%
NOI
$259,259
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
3.62 AC
PROPERTY TAXES
| Parcel Number | 1-80040-0006-00-001000 | Improvements Assessment | $460,369 |
| Land Assessment | $118,806 | Total Assessment | $579,175 |
PROPERTY TAXES
Parcel Number
1-80040-0006-00-001000
Land Assessment
$118,806
Improvements Assessment
$460,369
Total Assessment
$579,175
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7-Eleven Absolute NNN Lease | 12440 Hwy 31 West
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