14680 Hwy 31 w - Convenience Store FOR SALE


Brownsboro, TX 75756
$4,099,576 USD
847-562-9280
14680 Hwy 31 w, Brownsboro, TX for Sale
$4,099,576 USD
Convenience Store - FOR SALE
1/2
null | 5.9% Cap Rate

14680 Hwy 31 w
Brownsboro, TX 75756


HIGHLIGHTS

  • Texas is an income tax-free state
  • Investment grade tenant – A rating (Standard & Poor’s)
  • Over 11 years remaining on lease
  • 7.5% rent escalations every 5 years during primary term and options periods
  • NNN lease – no landlord responsibilities
  • Fuel canopy with 12 Exxon fuel dispensers

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased 7-Eleven property positioned in Brownsboro, Texas. 7-Eleven has been operating at this property since 2020. The current 7-Eleven lease expires in June 2035 and is triple net with no landlord responsibilities. The rent increases by 7.5% every 5 years during the primary term and three 5-year renewal options. 7-Eleven is an investment grade rated tenant (A - Standard & Poor’s). Texas is an income tax-free state, a benefit for potential buyers. 7-Eleven is situated on a 1.11-acre lot with a terrific hard-corner location. The site contains a 4,085 square foot 7-Eleven that opened in 2020. The property also features a 4,400 square foot freestanding fuel canopy containing 12 fuel dispensers. The property benefits from its position on Highway 31 W, which experiences 16,039 vehicles per day and leads directly east to Tyler, Texas and west to Athens, Texas. Nearby national retailers include Sonic and Dollar General. The property is also located in proximity to many local establishments and the Brownsboro schools. 7–Eleven, Inc. is the premier name in the convenience-retailing industry. Based in Irving, Texas, 7–Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada and 84,000+ stores worldwide. In addition to 7–Eleven stores, 7–Eleven, Inc. operates and franchises Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations. Known for its iconic brands such as Slurpee, Big Bite and Big Gulp.

FOR SALE DETAILS

PRICE

$4,099,576 USD

PRICE/SF

$1,004 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,475 SF

ZONING

-

APN/PARCEL ID

0073-0230-0000-11

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

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