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7-Eleven Absolute NNN Lease 11421 State Highway 64 W 2,520 SF Retail Building Tyler, TX 75704 $6,494,064 CAD ($2,577.01 CAD/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Corporate Guarantee
- Income Tax Free State
- Zero Landlord Obligations
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
- Bonus Depreciation Benefits
EXECUTIVE SUMMARY
This is the opportunity to purchase a long term absolute NNN leased 7-
Eleven in Tyler, Texas. This asset is corporately guaranteed by 7-Eleven
but 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 64 which gives direct access into Downtown Tyler, and less
than 1 mile from a Walmart Supercenter and other retailers that include
Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more.
Eleven in Tyler, Texas. This asset is corporately guaranteed by 7-Eleven
but 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 64 which gives direct access into Downtown Tyler, and less
than 1 mile from a Walmart Supercenter and other retailers that include
Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,520 SF
Building Class
C
Year Built
2020
Price
$6,494,064 CAD
Price Per SF
$2,577.01 CAD
Cap Rate
6.18%
NOI
$401,414 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Zoning
C-1
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-00000-0026-00-049010 | Improvements Assessment | $660,214 CAD |
| Land Assessment | $61,162 CAD | Total Assessment | $721,375 CAD |
PROPERTY TAXES
Parcel Number
1-00000-0026-00-049010
Land Assessment
$61,162 CAD
Improvements Assessment
$660,214 CAD
Total Assessment
$721,375 CAD
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7-Eleven Absolute NNN Lease | 11421 State Highway 64 W
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