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Gas Station & C-Store – 20-Year Absolute NNN 1951 Blue Mountain Blvd 4,397 SF Retail Building Tyler, TX 75703 $6,600,000 ($1,501.02/SF) 8% Cap Rate
Investment Highlights
- Enjoy truly passive ownership with a 20-year absolute NNN lease and zero landlord responsibilities.
- Invest with confidence in a newly constructed 2024 property, reducing near-term capital expenditure risk.
- Benefit from 10% scheduled rent increases every five years, providing built-in income growth.
- Own a prime corner location in a high-income neighbourhood, operated by an experienced 50-location fuel retailer with a Subway® subtenant.
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 locationsthroughout 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 locationsthroughout 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
Tenancy
Single
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
Property Taxes
| Parcel Number | 1-50000-1137-11-002010 | Improvements Assessment | $1,132,574 |
| Land Assessment | $275,343 | Total Assessment | $1,407,917 |
Property Taxes
Parcel Number
1-50000-1137-11-002010
Land Assessment
$275,343
Improvements Assessment
$1,132,574
Total Assessment
$1,407,917
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