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7-Eleven Absolute NNN Lease 3401 S Broadway Ave 2,340 SF Retail Building Tyler, TX 75701 $6,444,379 CAD ($2,754.01 CAD/SF) 6.18% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Corporate Guarantee
- Neighboring Retailers including Taco Bell, AutoZone, Arby's, IHOP, and many others
- Zero Landlord Obligations
- Situated on State Route 69
- Scheduled Rental Increases of 7.5% Every 5 Years
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. 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. 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
$6,444,379 CAD
Price Per SF
$2,754.01 CAD
Cap Rate
6.18%
NOI
$398,263 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.43 AC
Zoning
C-1
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-50000-1010-03-018020 | Improvements Assessment | $505,667 CAD |
| Land Assessment | $182,045 CAD | Total Assessment | $687,712 CAD |
Property Taxes
Parcel Number
1-50000-1010-03-018020
Land Assessment
$182,045 CAD
Improvements Assessment
$505,667 CAD
Total Assessment
$687,712 CAD
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7-Eleven Absolute NNN Lease | 3401 S Broadway Ave
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