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.