Log In/Sign Up
Your email has been sent.
7-Eleven | Commercial Fleet Location 1637 N Market St 6,050 SF Retail Building Hearne, TX 77859 $8,606,000 ($1,422.48/SF) 5.45% Cap Rate
Investment Highlights
- The absolute NNN lease structure places all maintenance, insurance, and tax responsibilities on the tenant
- Leased to 7-Eleven, Inc., the world’s largest convenience store brand, offering a secure investment
- 15-year primary lease term with 7.5% rental escalations every five years ensures predictable income growth
- Tenant operates under a corporate lease with no landlord obligations, ensuring a truly passive investment
Executive Summary
Positioned on N Market St, Hearne, TX, with direct access to U.S. Hwy 79 and TX-6, ensuring high visibility. No landlord responsibilities, as the tenant covers all property expenses, including taxes, insurance, and maintenance. Long-term lease with 7.5% rental increases every five years, providing a built-in revenue escalator. Built in 2023, featuring a 6,050 SF convenience store with modern design and efficient site layout. Over 20,899 vehicles per day pass the site, driving consistent customer volume. 4.837 acres, allowing for easy ingress/egress, ample parking, and efficient traffic flow.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,050 SF
Building Class
B
Year Built
2023
Price
$8,606,000
Price Per SF
$1,422.48
Cap Rate
5.45%
NOI
$468,977
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
4.83 AC
Parking
55 Spaces (9.09 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 000304-001672 | Improvements Assessment | $2,204,456 |
| Land Assessment | $725,550 | Total Assessment | $2,930,006 |
Property Taxes
Parcel Number
000304-001672
Land Assessment
$725,550
Improvements Assessment
$2,204,456
Total Assessment
$2,930,006
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
7-Eleven | Commercial Fleet Location | 1637 N Market St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.