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7-Eleven 18 S General Bruce Dr 4,650 SF Retail Building Temple, TX 76504 $8,496,000 ($1,827.10/SF) 5.25% Cap Rate
Investment Highlights
- Absolute NNN lease with 13.8 years remaining; tenant responsible for all taxes, insurance, maintenance, and repairs, including roof, and structure
- Large-format 7-Eleven with 47 parking spaces and seven gasoline MPDs on a 1.78-acre parcel
- 7.5% rental increases every five years during the initial term and all option periods, providing steady long-term income
- 7-Eleven, Inc. operates over 78,000 stores worldwide, with 14,000+ in the U.S. and Canada
Executive Summary
Located along I-35 and W Adams Ave, with high visibility and access to 105,090 VPD. Fully passive investment with tenant responsible for all expenses. 4,650 SF building on a 1.78-acre parcel, featuring 47 parking spaces and 7 fuel pumps. $446,036 NOI with 7.5% rental increases every five years. Built in 2023 to 7-Eleven’s latest prototype. Minutes from downtown Temple and major employers, including Baylor Scott & White Health.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
B
Year Built
2023
Price
$8,496,000
Price Per SF
$1,827.10
Cap Rate
5.25%
NOI
$446,036
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.80 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 518608 | Improvements Assessment | $1,041,727 |
| Land Assessment | $275,383 | Total Assessment | $1,317,110 |
Property Taxes
Parcel Number
518608
Land Assessment
$275,383
Improvements Assessment
$1,041,727
Total Assessment
$1,317,110
Contacts
-
Michael Yuras -
Scott Crowle -
Walker Cross -
Vincent Aicale -
Ryan Forsyth -
Cushman & Wakefield
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7-Eleven | 18 S General Bruce Dr
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