3401 S Broadway Ave - Service Station FOR SALE


Tyler, TX 75701
$4,652,175 USD
925-348-1844
3401 S Broadway Ave, Tyler, TX for Sale
$4,652,175 USD
Service Station - FOR SALE
1/1
null | 5.75% Cap Rate

3401 S Broadway Ave
Tyler, TX 75701


HIGHLIGHTS

  • Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee
  • Investment Grade Tenant (S&P Rating A)
  • Income Tax Free State

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 and 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 Texas Highway 69. There are several neighboring retailers including Taco Bell, AutoZone, Arby's, IHOP, and many others.

FOR SALE DETAILS

PRICE

$4,652,175 USD

PRICE/SF

$1,439 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Year Absolute NNN Lease 7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,835 SF

ZONING

C-1

APN/PARCEL ID

15000-0101-00-3018020

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.