11421 State Highway 64 W - Service Station FOR SALE


Tyler, TX 75704
$4,652,175 USD
925-348-1844
11421 State Highway 64 W, Tyler, TX for Sale
$4,652,175 USD
Service Station - FOR SALE
1/1
null | 5.75% Cap Rate

11421 State Highway 64 W
Tyler, TX 75704


HIGHLIGHTS

  • Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee
  • 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
  • Income Tax Free State
  • Bonus Depreciation Benefits

OVERVIEW

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 but 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 State Highway 64 which gives direct access into Downtown Tyler, and less than 1 mile from a Walmart Supercenter and other retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more.

FOR SALE DETAILS

PRICE

$4,652,175 USD

PRICE/SF

$1,846 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Term Absolute NNN Lease 7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C-1

APN/PARCEL ID

1-00000-0026-00-049010

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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