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7-Eleven Absolute NNN Lease 730 TX-31 W 8,000 SF 100% Leased Retail Building Chandler, TX 75758 $4,165,217 ($520.65/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- 15 Year Absolute NNN Lease
- Corporate Guaranty: Investment Grade Credit
- Located in Strong Texas Market
- Zero Landlord Obligations
- 7-Eleven Corporate (S&P: AA-)
- Income Tax Free State
EXECUTIVE SUMMARY
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Chandler, Texas. This asset is corporately guaranteed by 7- Eleven and operated by Montfront, a franchisee. 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 State Highway 31.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
8,000 SF
Year Built/Renovated
1993/2021
Price
$4,165,217
Price Per SF
$520.65
Cap Rate
6.18%
NOI
$257,410
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0799-2890-0000-12 | Improvements Assessment | $178,373 |
| Land Assessment | $92,718 | Total Assessment | $271,091 |
PROPERTY TAXES
Parcel Number
0799-2890-0000-12
Land Assessment
$92,718
Improvements Assessment
$178,373
Total Assessment
$271,091
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7-Eleven Absolute NNN Lease | 730 TX-31 W
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