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7-Eleven Absolute NNN Lease 3401 S Broadway Ave 2,340 SF Retail Building Tyler, TX 75701 $6,494,064 CAD ($2,775.24 CAD/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Zero Landlord Obligations
- Income Tax Free State
- Corporate Guarantee
- Investment Grade Tenant (S&P Rating A)
- Situated on State Route 69
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 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 Texas Highway 69. There are several neighboring retailers
including Taco Bell, AutoZone, Arby's, IHOP, and many others.
Tyler, 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 Texas Highway 69. There are several neighboring retailers
including Taco Bell, AutoZone, Arby's, IHOP, and many others.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,340 SF
Building Class
C
Year Built
2010
Price
$6,494,064 CAD
Price Per SF
$2,775.24 CAD
Cap Rate
6.18%
NOI
$401,333 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.43 AC
Zoning
C-1
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-50000-1010-03-018020 | Improvements Assessment | $346,007 CAD |
| Land Assessment | $184,557 CAD | Total Assessment | $530,563 CAD |
PROPERTY TAXES
Parcel Number
1-50000-1010-03-018020
Land Assessment
$184,557 CAD
Improvements Assessment
$346,007 CAD
Total Assessment
$530,563 CAD
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7-Eleven Absolute NNN Lease | 3401 S Broadway Ave
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