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7-Eleven Absolute NNN Lease 101 State Highway 31 W 8,500 SF Retail Building Chandler, TX 75758 $5,823,443 CAD ($685.11 CAD/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
Property Subtype
Service Station
Building Size
8,500 SF
Building Class
B
Year Built
2013
Price
$5,823,443 CAD
Price Per SF
$685.11 CAD
Cap Rate
6.18%
NOI
$359,889 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.65 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0136-3150-0000-12 | Improvements Assessment | $3,384,969 CAD |
| Land Assessment | $199,037 CAD | Total Assessment | $3,584,006 CAD |
PROPERTY TAXES
Parcel Number
0136-3150-0000-12
Land Assessment
$199,037 CAD
Improvements Assessment
$3,384,969 CAD
Total Assessment
$3,584,006 CAD
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7-Eleven Absolute NNN Lease | 101 State Highway 31 W
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