x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

7-Eleven, Tyler, TX

7-Eleven

Price $2,925,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof And Structure
Rental Increases 10% Rental Increase Every Five (5) Years
Year Built 2020
Building Size 3,165 SF
Lot Size .95 Acres (41,164 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

15-YEAR ABSOLUTE NNN CORPORATE GUARANTEED GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» New 15-year absolute NNN corporate guaranteed ground lease with four (four) five (5) year options, creating a stable, long-term investment
» 10% rental increases every five years, providing a hedge against inflation

CORPORATE LEASE TO STRONG RETAIL TENANT
» 7-Eleven, Inc. is an investment grade tenant with an “AA-” rating from Standard & Poor’s
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide
» Iconic tenant with strong brand recognition

IRREPLACEABLE INFILL CORNER LOCATION AT SIGNALIZED FOUR-WAY INTERSECTION
» Combined 43,805 AADT
» Immediate access to State Highway 31
» Population of 101,780 within a five-mile radius

LOCATED IN HIGH-TRAFFIC RETAIL CORRIDOR NEAR LARGE SCHOOLS AND EMPLOYERS
» Within three miles of UT Health Tyler (502 beds, 2,384 employees) and CHRISTUS Trinity Mother Frances Hospital (402 beds, 3,366 employees)
» Within five miles of Tyler Junior College (11,511 students), Letourneau University (3,175 students), and Texas College (1,044 students)
» Minutes from multiple tourist attractions such as Goodman-LeGrand House & Museum and The Discovery Science Place

NEW 2020 CONSTRUCTION
» Features 7-Eleven convenience store and fuel pumps
» Located in an income tax free state



Property Description

SOLD

The property is conveniently located at the corner of the signalized four-way intersection of Southeast Loop 323 and East Front Street, which experiences a combined high traffic count of 43,805 vehicles per day on both access roads. The site’s location provides immediate access to State Highway 31, which traverses the entirety of the city of Tyler. The location is strategically placed within a heavily populated and growing residential area, with a population of 101,780 within a five-mile radius.

Visibility to the property is increased by the site’s centralized location in a high-traffic retail corridor near large schools and employers. The property is walking distance from both a Walmart Supercenter and ALDI grocery store location. The site is also within three miles of UT Health Tyler (502 beds, 2,384 employees) and CHRISTUS Trinity Mother Frances Hospital (402 beds, 3,366 employees). The property resides within a fivemile radius of several schools and highly attended colleges, including Tyler Junior College (11,511 students), Letourneau University (3,175 students), and Texas College (1,044 students). The location also benefits from being within minutes of multiple primary Tyler tourist attractions, such as Goodman-LeGrand House & Museum and The Discovery Science Place.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link