3801 N Town East Blvd - Retail FOR SALE


Mesquite, TX 75150- Greater Mesquite
$1,885,000 USD
818-632-9542
3801 N Town East Blvd, Mesquite, TX for Sale
$1,885,000 USD
Retail - FOR SALE
1/2
null | 5.25% Cap Rate

3801 N Town East Blvd
Mesquite, TX 75150
Greater Mesquite


HIGHLIGHTS

  • 7-Eleven Corporate Lease
  • NNN Lease – Zero Landlord Responsibilities
  • Tenant Recently Extended Lease
  • Attractive Yield in DFW Metro

OVERVIEW

Surmount is pleased to present the exclusive listing for a 7-Eleven located at 3801 N Town East Blvd, Mesquite, TX 75150. The site consists of roughly 2,661 rentable square feet of building space on an estimated 0.5-acre parcel of land. This 7-Eleven is subject to a Triple Net (NNN) lease that commenced 2/19/1988 under an initial 15-year term and has since been extended through 12/31/2031. The current annual rent is $99,000 and has scheduled increases of 10.00% in options.

FOR SALE DETAILS

PRICE

$1,885,000 USD

PRICE/SF

$748 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | Newly Extended Lease | 5.25% Cap

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

GR

APN/PARCEL ID

38202510580070100

ASK ABOUT THIS PROPERTY

Armond AivazyanSurmountMore Info
818-632-9542

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Armond AivazyanSurmountMore Info
818-632-9542

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