Log In/Sign Up
Your email has been sent.
534 E Garland St 6,140 SF Retail Building Grand Saline, TX 75140 $3,304,347 ($538.17/SF) 6.18% Cap Rate
Investment Highlights
- Absolute NNN Lease
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
- Bonus Depreciation Benefits
- Zero Landlord Obligations
- Income Tax Free State
- Located on U.S Hwy 80 | Adjacent to Grand Saline City Park
Executive Summary
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Grand Saline, Texas. 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 U.S Highway 80 and adjacent to Grand Saline City Park.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
6,140 SF
Building Class
B
Year Built
1990
Price
$3,304,347
Price Per SF
$538.17
Cap Rate
6.18%
NOI
$204,209
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.79 AC
Frontage
140’ on Garland St
Nearby Major Retailers
Property Taxes
| Parcel Number | R000013422 | Improvements Assessment | $768,904 |
| Land Assessment | $121,970 | Total Assessment | $890,874 |
Property Taxes
Parcel Number
R000013422
Land Assessment
$121,970
Improvements Assessment
$768,904
Total Assessment
$890,874
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
534 E Garland St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.