7-Eleven

1401 Judson Road, Longview, TX 75604

$6,144,000

Cap Rate 6.35%

DOM: 562 Updated: 08.06.24 Posted: 10.17.23 Status: Active 04.18.24

Summary

Price $6,144,000	Built/Renov 2012/2022	Tenant 7-Eleven
Cap Rate 6.35%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 7,800	Lease Start 08-01-2021	#Units 5
Price/SF $787.69	Expiration 08-01-2036	Tenant Type Convenience/Gas
NOI $390,154	R. Term 11.3	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...

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Key Features

Signalized intersection
Recent renovation
Highway location
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Personal guarantee
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Longview, Texas Zip Code 75604 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

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...

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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

*ESRI data is presented for informational purposes only

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

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
78005 Views
202 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
71027 Views
170 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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