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7-Eleven Absolute NNN Lease 3401 S Broadway Ave 2,340 SF Retail Building Tyler, TX 75701 $4,652,175 ($1,988.11/SF) 6.18% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Corporate Guarantee
- Neighboring Retailers including Taco Bell, AutoZone, Arby's, IHOP, and many others
- Zero Landlord Obligations
- Situated on State Route 69
- Scheduled Rental Increases of 7.5% Every 5 Years
Executive Summary
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in
Tyler, Texas. This asset is corporately guaranteed by 7-Eleven. The lease calls for
zero landlord obligations with 7.5% rental increases every 5 years and three, 5 year
options to renew. The site benefits being located along Texas Highway 69. There
are several neighboring retailers including Taco Bell, AutoZone, Arby's, IHOP, and
many others.
Tyler, Texas. This asset is corporately guaranteed by 7-Eleven. The lease calls for
zero landlord obligations with 7.5% rental increases every 5 years and three, 5 year
options to renew. The site benefits being located along Texas Highway 69. There
are several neighboring retailers including Taco Bell, AutoZone, Arby's, IHOP, and
many others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,340 SF
Building Class
C
Year Built
2010
Price
$4,652,175
Price Per SF
$1,988.11
Cap Rate
6.18%
NOI
$287,504
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.43 AC
Zoning
C-1
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-50000-1010-03-018020 | Improvements Assessment | $246,382 |
| Land Assessment | $131,418 | Total Assessment | $377,800 |
Property Taxes
Parcel Number
1-50000-1010-03-018020
Land Assessment
$131,418
Improvements Assessment
$246,382
Total Assessment
$377,800
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7-Eleven Absolute NNN Lease | 3401 S Broadway Ave
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