1637 N Market St - Convenience Store FOR SALE


Hearne, TX 77859
$9,196,000 USD
713-263-3981
1637 N Market St, Hearne, TX for Sale
$9,196,000 USD
Convenience Store - FOR SALE
1/4
null | 5.1% Cap Rate

1637 N Market St
Hearne, TX 77859


HIGHLIGHTS

  • Dense Trucking Area: Located at the Intersection of Market St (27,655+ VPD) & FM-485 (3,824+ VPD)
  • Large Format 7-Eleven: Building is Over 6,000 SF/4.83 AC & Features 2 Restaurant Concepts: Raise the Roost Chicken & Laredo Taco
  • Subject Property is Adjacent to a Love’s Travel Stop Which Saw Over 1.2M Customers Last Year, Many Other Tenants Along the Corridor
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
  • Hearne | 20 Miles North of College Station | Population: 4,421+

OVERVIEW

Brand New 15-Yr Absolute NNN Lease w/ 7.5% Rent Bumps Every 5 Years, and (5), Five-Year Options

FOR SALE DETAILS

PRICE

$9,196,000 USD

PRICE/SF

$1,520 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Restaurant, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.83 AC

LAND SF

210,395 SF

ZONING

-

APN/PARCEL ID

000304-001672

ASK ABOUT THIS PROPERTY

Edward BentonSecure Net LeaseMore Info
713-263-3981

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Edward BentonSecure Net LeaseMore Info
713-263-3981

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