12440 Hwy 31 West - Service Station FOR SALE


Tyler, TX 75709
$4,195,122 USD
925-348-1844
12440 Hwy 31 West, Tyler, TX for Sale
$4,195,122 USD
Service Station - FOR SALE
1/1
null | 6.18% Cap Rate

12440 Hwy 31 West
Tyler, TX 75709


HIGHLIGHTS

  • 15 Year Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee: Investment Grade Credit
  • 7-Eleven Corporate (S&P: AA-)
  • Located in Strong Texas Market
  • Income Tax Free State

OVERVIEW

This is the opportunity to acquire a high-performing 7-Eleven location in Tyler, Texas, secured by an Absolute NNN Lease. The lease term includes three 5-year renewal options, providing long-term stability, and the lease is set to expire on June 30, 2035. The lease features 7.5% rent increases every five years, ensuring rent growth and providing investors with consistent returns over time. The property is positioned along State Highway 31 West, a major east-west corridor through Tyler, with strong daily vehicle exposure of approximately 15,681 vehicles per day and enhanced visibility from nearby Highway 323 SW, which carries an additional estimated 35,620 vehicles per day, supporting significant retail traffic and customer draw. Tyler serves as the commercial and cultural center of East Texas, offering a growing population base, access to multiple major highways including US-69, US-271, and Interstate-20, and convenient proximity to Tyler Pounds Regional Airport — all contributing to a robust regional consumer market. With an Absolute NNN Lease structure, there are no landlord responsibilities, providing a passive and hands-off investment. Coupled with Texas’ pro-business environment and absence of state income tax, this asset presents a compelling opportunity for investors seeking stable, long-term income.

FOR SALE DETAILS

PRICE

$4,195,122 USD

PRICE/SF

$1,398 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.62 AC

LAND SF

157,687 SF

ZONING

-

APN/PARCEL ID

1-80040-0006-00-001000

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.