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Gas Station & C-Store – 20-Year Absolute NNN 1951 Blue Mountain Blvd 4,397 SF 100% Leased Retail Building Tyler, TX 75703 $6,600,000 ($1,501.02/SF) 8% Cap Rate
Investment Highlights
- Brand-new 20-year absolute NNN lease with zero landlord responsibilities and 10% rent increases every five years.
- Prime hard-corner location at Jack Elementary School entrance in a high-income, growing south Tyler residential corridor.
- Newly constructed in 2024, reducing near-term capital expenditure risk and eligible for bonus depreciation.
- Experienced operator with 50 locations, featuring a nationally recognized Subway franchise as subtenant to drive customer traffic.
Executive Summary
Investment Highlights
•20-year absolute NNN lease to experienced operator
•Zero landlord responsibilities - hands-off investment
•10% increases every 5 years
•Newly constructed (2024), minimizing near-term capital expenditure risk
•Bonus Depreciation Eligible
•Nationally Recognized Subway Franchise In Place as Subtenant to bring traffic and bolster tenant’s rent coverage
Market Highlights
•W. Cumberland Rd at Blue Mountain Blvd, in a newer, higher-income south Tyler residential corridor
•Hard corner at the main entrance to Jack Elementary School and the surrounding residential, capturing twice daily family traffic
•Average household income of $118,915 within 1-mile radius
Tenant Highlights
•Operator has 15 years of experience and has grown to 50 locations throughout all its entities
•20-year absolute NNN lease to experienced operator
•Zero landlord responsibilities - hands-off investment
•10% increases every 5 years
•Newly constructed (2024), minimizing near-term capital expenditure risk
•Bonus Depreciation Eligible
•Nationally Recognized Subway Franchise In Place as Subtenant to bring traffic and bolster tenant’s rent coverage
Market Highlights
•W. Cumberland Rd at Blue Mountain Blvd, in a newer, higher-income south Tyler residential corridor
•Hard corner at the main entrance to Jack Elementary School and the surrounding residential, capturing twice daily family traffic
•Average household income of $118,915 within 1-mile radius
Tenant Highlights
•Operator has 15 years of experience and has grown to 50 locations throughout all its entities
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,397 SF
Year Built
2024
Price
$6,600,000
Price Per SF
$1,501.02
Cap Rate
8%
NOI
$528,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.11
Lot Size
0.90 AC
Amenities
- Pylon Sign
- Signage
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 7
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Gas Station & C-Store – 20-Year Absolute NNN | 1951 Blue Mountain Blvd
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