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7-Eleven | Newly Extended Lease | 5.25% Cap 3801 N Town East Blvd 2,661 SF Retail Building Mesquite, TX 75150 $1,885,000 ($708.38/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 7-Eleven Corporate Lease
- Tenant Recently Extended Lease
- NNN Lease – Zero Landlord Responsibilities
- Attractive Yield in DFW Metro
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a 7-Eleven located at 3801 N Town East Blvd, Mesquite, TX 75150. The site consists of roughly 2,661 rentable square feet of building space on an estimated 0.5-acre parcel of land. This 7-Eleven is subject to a Triple Net (NNN) lease that commenced 2/19/1988 under an initial 15-year term and has since been extended through 12/31/2031. The current annual rent is $99,000 and has scheduled increases of 10.00% in options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,661 SF
Building Class
B
Year Built
1976
Price
$1,885,000
Price Per SF
$708.38
Cap Rate
5.25%
NOI
$99,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.50 AC
Zoning
GR
PROPERTY TAXES
| Parcel Number | 38202510580070100 | Improvements Assessment | $165,040 |
| Land Assessment | $130,680 | Total Assessment | $295,720 |
PROPERTY TAXES
Parcel Number
38202510580070100
Land Assessment
$130,680
Improvements Assessment
$165,040
Total Assessment
$295,720
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7-Eleven | Newly Extended Lease | 5.25% Cap | 3801 N Town East Blvd
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