102 W Kaufman St - Freestanding FOR SALE


Rockwall, TX 75087
$1,285,000 USD
332-345-4222
102 W Kaufman St, Rockwall, TX for Sale
$1,285,000 USD
Freestanding - FOR SALE
1/2
null | 4.75% Cap Rate

102 W Kaufman St
Rockwall, TX 75087


HIGHLIGHTS

  • Long-Term Corporate Lease Ten-year extension added to the current lease, extending the expiration date to September 30, 2036.
  • Rental Increases Annual base rent of $61,008 with an 8% increase starting October 1, 2031, providing stable and growing cash flow.
  • Investment-Grade Tenant Long-term lease with 7-Eleven, Inc., the world’s largest convenience store chain with over 85,000 global locations

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a 7-Eleven located at 102 West Kaufman Street, Rockwall, Texas 75087. The site consists of roughly 2585 rentable square feet of building space on an estimated 0.46-acre parcel of land. This 7-Eleven is subject to a 20-year Triple Net (NNN) lease, which commenced 9/30/2016. The current annual rent is $61,008 and has scheduled increases of 8.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$1,285,000 USD

PRICE/SF

$497 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,998 SF

ZONING

GR

APN/PARCEL ID

21398

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.