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7-Eleven
1401 Judson Road, Longview, TX 75604
$6,845,000
Cap Rate 5.70%
Summary
| Price $6,845,000 | Built/Renov 2012/2022 | Tenant 7-Eleven |
| Cap Rate 5.70% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
7,800
| Lease Start
08-01-2021
| #Units
5
|
| Price/SF $877.56 | Expiration
08-01-2036
| Tenant Type Convenience/Gas |
| NOI $390,154 | R. Term 12.7 | Ownership Fee Simple |
| Rent/SF
$50.02
| Increases 7.5%/3/yrs | Pop 5Mi 86,021 |
| Lot/AC 3.08 | Options 3/5yrs/4% | AHHI 5Mi $83,291 |
| | |
Lease Highlights
- Recently renovated 2022
- 7-Eleven has 12+ years remaining on its current term with 3 (5-year) options to extend
- The lease features 7.5% rental increases every 5 years throughout the initial term, and 4% increases during extension terms
- Landlord’s insurance and real estate taxes are reimbursed by tenant
- Personal guarantee from a multi-unit franchisee operator
- 7-Eleven is an investment grade tenant (S&P: A)
Location Description
7-Eleven is strategically positioned along Judson Road, a state highway with a daily traffic count of 23,400 vehicles. The subject property offers excellent visibility via significant street frontage and a large monument sign. Moreover, the site is ideally situated across from a neighborhood center anchored by Family Dollar and is in close proximity to a variety of retail tenants including...
...Features
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Signalized intersection
-
Recent renovation
-
Highway location
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Income tax free state
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Absolute NNN
-
Long 10+ yr lease
-
Accelerated depreciation
-
Traded and rated company
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Personal guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: 7-Eleven
- Guarantor:Franchisee
- Company:Franchisee
- # Units:5
- 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 12,500...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,016 | 48,315 | 87,214 |
| 2023 Total Population : | 7,679 | 47,812 | 86,614 |
| 2023 Employed Civilian Pop : | 3,576 | 21,998 | 39,065 |
| 2023 Total Businesses : | 439 | 3,262 | 4,478 |
| 2023 Average Household Income : | $ 88,674 | $ 80,557 | $ 80,001 |
| 2023 Total Consumer Spending : | $ 236 M | $ 1401 M | $ 2395 M |
| 2023 Median Age : | 45 | 39 | 38 |
| 2023 Total Households : | 3,070 | 19,965 | 34,357 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,225 | 6,549 | 10,213 |
| 2023 Average Home Value : | $ 240,162 | $ 225,074 | $ 225,058 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Judson Road | Drake Blvd | 2021 | 18,329 | 0.11 mi |
| Judson Road | Triple Creek Dr | 2020 | 15,336 | 0.11 mi |
| Pegues Place | Judson Rd | 2021 | 3,620 | 0.14 mi |
| Judson Rd | Montclair St | 2014 | 17,151 | 0.29 mi |
| Triple Creek Dr | Judson Rd | 2013 | 7 | 0.40 mi |
| Tupelo Dr | School Dr | 2013 | 2,916 | 0.40 mi |
| Hoyt Dr | Judson Rd | 2013 | 438 | 0.42 mi |
| Meadowbrook Dr | Groveland Ave | 2013 | 1,454 | 0.55 mi |
| Pegues Pl | N 4th St | 2013 | 5,220 | 0.55 mi |
| Baylor Dr | McCann Rd | 2013 | 910 | 0.58 mi |
