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7-Eleven Long Term Absolute NNN Lease 802 TX-110 2,720 SF Retail Building Whitehouse, TX 75791 $3,391,304 ($1,246.80/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Income Tax Free State
- Income Tax Free State
- Zero Landlord Obligations
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
EXECUTIVE SUMMARY
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Whitehouse, 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 Texas Highway 110 with exposure to 17.000 vehicles per day and 0.4 miles from Whitehouse Town Center Shopping Mall.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,720 SF
Building Class
C
Year Built
1989
Price
$3,391,304
Price Per SF
$1,246.80
Cap Rate
6.18%
NOI
$209,652
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.36 AC
Zoning
F10
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-55010-0001-00-001000 | Improvements Assessment | $207,339 |
| Land Assessment | $131,795 | Total Assessment | $339,134 |
PROPERTY TAXES
Parcel Number
1-55010-0001-00-001000
Land Assessment
$131,795
Improvements Assessment
$207,339
Total Assessment
$339,134
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7-Eleven Long Term Absolute NNN Lease | 802 TX-110
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