7-Eleven

12440 Hwy 31 W, Tyler, TX 75709

$4,485,981

Cap Rate 5.35%

Views: 57 DOM: 168 Updated: 03.05.24 Posted: 11.30.23 Status: Active

Summary

Price $4,485,981	Built/Renov 1984	Tenant 7-Eleven
Cap Rate 5.35%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,000	Lease Start 07-01-2020	#Units 83,282
Price/SF $1,495.33	Expiration 06-30-2035	Tenant Type Convenience/Gas
NOI $240,000	R. Term 11.1	Ownership Fee Simple
Rent/SF $80.00	Increases 7.5%/2/yrs	Pop 5Mi 63,601
Lot/AC 3.62	Options 3/5yrs/7.5%	AHHI 5Mi $78,036

Randy Blankstein

The Boulder Group

Contact

Lease Highlights

7-Eleven has 11+ years remaining on the current lease term with 3 (5-year) options to extend
Lease features 7.5% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease
Investment grade tenant (S&P: A)

Location Description

7-Eleven is strategically located along State Highway 31 W, with access to 15,681 vehicles passing by daily. The property is situated just a two-minute drive from State Highway 323 SW (35,620 VPD), which travels around the entire downtown of Tyler, Texas. Surrounding the immediate area are well-known national tenants such as Dollar General, Grease Monkey, ABC Supply Co, Caterpillar, and The...

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Key Features

Near major nationals
Highway location
Major MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Tyler, Texas Zip Code 75709 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven and I Holdings
# Units:83,282
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,866	15,381	64,842
2023 Total Population :	1,753	14,838	63,601
2023 Employed Civilian Pop :	1,011	6,971	28,669
2023 Total Businesses :	52	669	4,006
2023 Average Household Income :	$ 92,985	$ 72,730	$ 78,036
2023 Total Consumer Spending :	$ 56 M	$ 365 M	$ 1682 M
2023 Median Age :	39	37	37
2023 Total Households :	702	5,757	24,668
2023 Pop Age 25+: Bachelor's Degree :	252	1,542	7,262
2023 Average Home Value :	$ 231,275	$ 248,640	$ 234,693

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Orchard Dr	Chandler Hwy	2013	405	0.04 mi
State Highway 31 West	Tinsley St	2021	15,681	0.21 mi
Greenbriar Rd	Dixie Dr	2013	3,791	0.25 mi
Greenbriar Road	Hwy 31	2021	2,943	0.39 mi
Chandler Highway	Bellwood Lake Dr	2020	15,278	0.46 mi
Dixie Dr	Pleasant Retreat Rd	2013	1,414	0.54 mi
E Lakeshore Dr	Hillside Dr	2013	300	0.72 mi
Eisenhower Dr	Chandler Hwy	2013	1,066	0.74 mi
Pleasant Retreat Rd	Dixie Dr	2013	274	0.81 mi
Patton Ln	Chandler Hwy	2013	1,266	0.82 mi

Listing Broker

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