12440 Hwy 31 West - Service Station FOR SALE


Tyler, TX 75709 | 
$3,969,231 USD
925-348-1844
12440 Hwy 31 West, Tyler, TX for Sale
$3,969,231 USD
Service Station - FOR SALE
1/2
null | 6.5% Cap Rate

12440 Hwy 31 West
Tyler, TX 75709


HIGHLIGHTS

  • Long Term Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee
  • Scheduled 7.5% Increases in Rent
  • Income Tax Free State

OVERVIEW

This is the opportunity to acquire a well-established 7-Eleven location in Tyler, Texas, secured by an Absolute NNN Lease. The lease is currently in the initial term of the original 15-year agreement and includes attractive 7.5% rent increases every five years, along with three additional five-year renewal options. The site boasts a prime location along Highway 31 West, providing excellent visibility and direct access to the surrounding area. The approximately 3,000-square-foot building anchors a well-traveled retail corridor, and with roughly 8.8 years of term remaining through June 2035, the asset offers durable, long-dated cash flow. This offering features an Absolute NNN Lease structure with zero landlord responsibilities, backed by a corporate guarantee from 7-Eleven. Combined with its location in income tax-free Texas, this asset provides investors with a stable, passive income stream in a pro-business environment. Current annual rent of $258,000 steps to $277,350 in the following term, and as one of the world's most recognized convenience brands, 7-Eleven brings best-in-class tenancy to a truly management-free investment.

FOR SALE DETAILS

PRICE

$3,969,231 USD

PRICE/SF

$1,323 USD /SF

CAP RATE

6.5%

% 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.