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| Price $4,099,576 | Built/Renov 1999 | Tenant 7-Eleven |
| Cap Rate 5.90% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,085
| Lease Start
06-15-2020
| #Units
83,282
|
| Price/SF $1,003.57 | Expiration
06-30-2035
| Tenant Type Convenience/Gas |
| NOI $241,875 | R. Term 9.10 | Ownership Fee Simple |
| Rent/SF
$59.21
| Increases 7.5%/6/yrs | Pop 5Mi 5,666 |
| Lot/AC 1.11 | Options 3/5yrs/7.5% | AHHI 5Mi $87,901 |
| | |
7-Eleven is strategically located at the hard-corner intersection of State Highway 31 W and North College Street, with a traffic count of approximately 16,039 vehicles per day. The property benefits from direct access to Highway 31, a major east-west thoroughfare connecting Brownsboro to Athens (16 miles southwest) and Tyler (20 miles east). Nearby national retailers include Sonic and Dollar...
...Hard corner intersection
Oversized lot
In location for years
Major thoroughfare
Highway location
Major MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Investment grade 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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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
