802 Highway 110 N - Retail FOR SALE


Whitehouse, TX 75791 | 
$3,225,000 USD
925-348-1844
802 Highway 110 N, Whitehouse, TX for Sale
$3,225,000 USD
Retail - FOR SALE
1/1
null | 6.5% Cap Rate

802 Highway 110 N
Whitehouse, TX 75791


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 2,546 SF 7-Eleven location in Whitehouse, Texas, offered at $3,225,000 (a 6.50% cap rate on current lease-year NOI of $209,625), secured by an Absolute NNN Lease. The lease runs through 6/14/2035 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 110 N, with excellent visibility to 17,000 vehicles per day, on a 21,257 SF (0.49-acre) parcel in Smith County within the Tyler, Texas MSA. This offering features an Absolute NNN lease structure with zero landlord responsibilities, backed by investment-grade tenant credit cited at S&P 'A'. Combined with its location in income tax-free Texas, this asset provides investors with a stable, passive income stream in a pro-business environment.

FOR SALE DETAILS

PRICE

$3,225,000 USD

PRICE/SF

$1,267 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Absolute NNN Lease

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1-55010-0001-00-001000

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.