3400 Van Highway - Convenience Store FOR SALE


Tyler, TX 75702
$3,850,000 USD
972-755-5205
3400 Van Highway, Tyler, TX for Sale
$3,850,000 USD
Convenience Store - FOR SALE
1/8
null | 6% Cap Rate

3400 Van Highway
Tyler, TX 75702


HIGHLIGHTS

  • Corporate Guarantee From 7-Eleven, Inc. (S&P: AA-)
  • Absolute Net Lease With 11.7 Years Remaining | 10% Rental Increases Every Five Years
  • Strategic Signalized Hard-Corner Location (40,000+ VPD Combined)
  • Attractive Newer Construction on Oversized 1.78-Acre Parcel
  • Proximity to CHRISTUS Mother Frances Hospital (400+ Beds) & Tyler High School (2,100 Students)

OVERVIEW

The offering is secured by a corporate guarantee from 7-Eleven, Inc. (S&P: AA-), ensuring a stable, long-term income stream under an absolute net lease structure with 11.7 years remaining and 10% rent increases every five years. The property is leased to 24 Seven Mart, a Dallas-based convenience store operator with approximately 30 locations across the Dallas–Fort Worth metroplex and East Texas. The company is privately held and continues to expand its regional footprint, most recently acquiring 13 additional stores from 7-Eleven.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$795 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate 7-Eleven (24 Seven Mart)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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