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534 E Garland St 6,140 SF Retail Building Grand Saline, TX 75140 $4,594,959 CAD ($748.36 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
- Located on U.S Hwy 80 | Adjacent to Grand Saline City Park
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.
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
$4,594,959 CAD
Price Per SF
$748.36 CAD
Cap Rate
6.18%
NOI
$283,968 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.79 AC
Frontage
140’ on Garland St
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R000013422 | Improvements Assessment | $1,069,223 CAD |
| Land Assessment | $169,609 CAD | Total Assessment | $1,238,832 CAD |
Property Taxes
Parcel Number
R000013422
Land Assessment
$169,609 CAD
Improvements Assessment
$1,069,223 CAD
Total Assessment
$1,238,832 CAD
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534 E Garland St
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