1406 Corsicana Hwy - Convenience Store FOR SALE


Hillsboro, TX 76645
$1,730,000 USD
650-279-5790
1406 Corsicana Hwy, Hillsboro, TX for Sale
$1,730,000 USD
Convenience Store - FOR SALE
1/4
null | 8.02% Cap Rate

1406 Corsicana Hwy
Hillsboro, TX 76645


OVERVIEW

Approximately 3 years remaining on the initial 15 year corporate 7-Eleven lease, with tenant closing down this location in May, 2024 and still makes the remaining monthly lease payments. The UST's and pumping equipment were removed by the tenant in June, 2024. Excellent opportunity for an owner/user or a developer who may want to redevelop the site for a QSR and enjoy receiving the monthly lease payments until such time as construction permits are ready to be pulled.

FOR SALE DETAILS

PRICE

$1,730,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

8.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dark 7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

Commercial (C)

APN/PARCEL ID

137070

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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