7-Eleven

12440 Highway 31 West, Tyler, TX 75709

$4,364,000

Cap Rate 5.50%

Views: 57 DOM: 102 Updated: 07.19.24 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 10.9	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 11+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN | 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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Listing Broker

Edward Benton

Secure Net Lease

Contact

21 Listings
2337 Views
6 Sold

Bob Moorhead

Secure Net Lease

Contact

62 Listings
5178 Views
32 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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