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Absolute NNN Leased 7-Eleven 534 E Garland St 6,140 SF Retail Building Grand Saline, TX 75140 $4,612,604 CAD ($751.24 CAD/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
- Bonus Depreciation Benefits
- Zero Landlord Obligations
- Income Tax Free State
EXECUTIVE SUMMARY
This is the opportunity to purchase a long term absolute NNN leased 7-
Eleven in Grand Saline, Texas. 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 U.S Highway 80
and adjacent to Grand Saline City Park.
Eleven in Grand Saline, Texas. 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 U.S Highway 80
and adjacent to Grand Saline City Park.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
6,140 SF
Building Class
B
Year Built
1990
Price
$4,612,604 CAD
Price Per SF
$751.24 CAD
Cap Rate
6.18%
NOI
$285,115 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.79 AC
Frontage
140’ on Garland St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R000013422 | Improvements Assessment | $584,398 CAD |
| Land Assessment | $265,739 CAD | Total Assessment | $850,136 CAD |
PROPERTY TAXES
Parcel Number
R000013422
Land Assessment
$265,739 CAD
Improvements Assessment
$584,398 CAD
Total Assessment
$850,136 CAD
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Absolute NNN Leased 7-Eleven | 534 E Garland St
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