1637 N Market St - Convenience Store FOR SALE


Hearne, TX 77859
$9,019,000 USD
415-852-5177
1637 N Market St, Hearne, TX for Sale
$9,019,000 USD
Convenience Store - FOR SALE
1/4
null | 5.2% Cap Rate

1637 N Market St
Hearne, TX 77859


HIGHLIGHTS

  • The absolute NNN lease structure places all maintenance, insurance, and tax responsibilities on the tenant
  • 15-year primary lease term with 7.5% rental escalations every five years ensures predictable income growth
  • Leased to 7-Eleven, Inc., the world’s largest convenience store brand, offering a secure investment
  • Tenant operates under a corporate lease with no landlord obligations, ensuring a truly passive investment

OVERVIEW

Positioned on N Market St, Hearne, TX, with direct access to U.S. Hwy 79 and TX-6, ensuring high visibility. No landlord responsibilities, as the tenant covers all property expenses, including taxes, insurance, and maintenance. Long-term lease with 7.5% rental increases every five years, providing a built-in revenue escalator. Built in 2023, featuring a 6,050 SF convenience store with modern design and efficient site layout. Over 20,899 vehicles per day pass the site, driving consistent customer volume. 4.837 acres, allowing for easy ingress/egress, ample parking, and efficient traffic flow.

FOR SALE DETAILS

PRICE

$9,019,000 USD

PRICE/SF

$1,491 USD /SF

CAP RATE

5.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

4.83 AC

LAND SF

210,395 SF

ZONING

-

APN/PARCEL ID

000304-001672

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

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