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7-Eleven | Commercial Fleet Location 1637 N Market St 6,050 SF Retail Building Hearne, TX 77859 $11,914,233 CAD ($1,969.29 CAD/SF) 5.45% Cap Rate
INVESTMENT HIGHLIGHTS
- The absolute NNN lease structure places all maintenance, insurance, and tax responsibilities on the tenant
- Leased to 7-Eleven, Inc., the world’s largest convenience store brand, offering a secure investment
- 15-year primary lease term with 7.5% rental escalations every five years ensures predictable income growth
- Tenant operates under a corporate lease with no landlord obligations, ensuring a truly passive investment
EXECUTIVE SUMMARY
Positioned on N Market St, Hearne, TX, with direct access to U.S. Hwy 79 and TX-6, ensuring high visibility. No landlord responsibilities, as the tenant covers all property expenses, including taxes, insurance, and maintenance. Long-term lease with 7.5% rental increases every five years, providing a built-in revenue escalator. Built in 2023, featuring a 6,050 SF convenience store with modern design and efficient site layout. Over 20,899 vehicles per day pass the site, driving consistent customer volume. 4.837 acres, allowing for easy ingress/egress, ample parking, and efficient traffic flow.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,050 SF
Building Class
B
Year Built
2023
Price
$11,914,233 CAD
Price Per SF
$1,969.29 CAD
Cap Rate
5.45%
NOI
$649,256 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
4.83 AC
Parking
55 Spaces (9.09 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 000304-001672 | Improvements Assessment | $3,051,871 CAD |
| Land Assessment | $1,004,459 CAD | Total Assessment | $4,056,330 CAD |
PROPERTY TAXES
Parcel Number
000304-001672
Land Assessment
$1,004,459 CAD
Improvements Assessment
$3,051,871 CAD
Total Assessment
$4,056,330 CAD
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7-Eleven | Commercial Fleet Location | 1637 N Market St
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