7-Eleven

12440 Highway 31 West, Tyler, TX 75709

$4,364,000

Cap Rate 5.50%

Views: 86 DOM: 207 Updated: 10.25.24 Posted: 05.28.24 Status: Active

Summary

Price $4,364,000	Built/Renov 1980	Tenant 7-Eleven
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 3,000	Lease Start 07-01-2020	#Units 83,282
Price/SF $1,454.67	Expiration 06-30-2035	Tenant Type Convenience/Gas
NOI $240,000	R. Term 10.6	Ownership Fee Simple
Rent/SF $80.00	Increases 7.5%/1/yrs	Pop 5Mi 61,899
Lot/AC 3.62	Options 3/5yrs/7.5%	AHHI 5Mi $79,574

Lease Highlights

7-Eleven has 10+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 7.5% rental increases every 5 years in primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven Highway is strategically located at the hard corner intersection of Highway 31 West and Orchard Drive, with access to a combined daily traffic count of 15,681 vehicles. The property features a 7-Eleven branded convenience store, 10 pumps, and 20 fueling positions. The immediate area is surrounded by well-known national tenants, including Dollar General, Grease Monkey, ABC Supply Co,...

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Key Features

Hard corner intersection
Build to suit
Dense retail corridor
Highway location
Major MSA
Income tax free state
Absolute NNN
Accelerated depreciation
Traded and rated company
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 & I Holdings Co., Ltd
# 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
2029 Total Population :	2,224	15,638	64,989
2024 Total Population :	2,094	15,107	63,504
2024 Employed Civilian Pop :	1,146	7,186	28,923
2024 Total Businesses :	57	698	4,301
2024 Average Household Income :	$ 98,136	$ 75,587	$ 79,660
2024 Total Consumer Spending :	$ 72 M	$ 392 M	$ 1746 M
2024 Median Age :	38	36	37
2024 Total Households :	839	5,826	24,619
2024 Pop Age 25+: Bachelor's Degree :	280	1,573	7,297
2024 Average Home Value :	$ 269,617	$ 278,887	$ 256,350

*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	2022	16,497	0.21 mi
Greenbriar Rd	Dixie Dr	2013	3,791	0.25 mi
Greenbriar Road	Hwy 31	2022	2,708	0.39 mi
Chandler Highway	Bellwood Lake Dr	2022	19,470	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

Edward Benton

Secure Net Lease

Contact

36 Listings
4446 Views
9 Sold

Bob Moorhead

Secure Net Lease

Contact

85 Listings
9583 Views
34 Sold

Edward Benton

With over 13 years of commercial real estate experience and a diverse investment sales background, Ed Benton advises clients in the acquisition and disposition of multi-tenant and single tenant investment properties nationwide. Ed started his career with Marcus & Millichap in 2006 and worked at a boutique retail development and brokerage company before joining Secure Net Lease in August of 2019. Ed’s wide breadth of experience working with developers and restaurant operators as well as p

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Bob Moorhead

Bob Moorhead is a founding partner of Secure Net Lease and brings over 20 years of commercial real estate experience to the executive team. Prior to Secure Net Lease, Bob was the Managing Director of EXP Realty Advisors (formerly Kimco Exchange Place) Dallas, Texas office. While at EXP, Bob was a top producer and responsible for establishing the Dallas office, building the team and platform. Since 2011, Bob has been involved in over 600 transactions with a value exceeding $1.5 billion.

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