1637 N Market St
Hearne, TX
Price:
$9,196,000
Cap Rate:
5.10%
NOI:
$468,977
Building Size:
Approx. 6,050 Sq. Ft.
Lot Size:
Approx. 4.837 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2023
Investment Overview
- 2023 Construction. 6,050+/- SF Building on 4.837+/- Acre Site
- Brand New 15-Yr Absolute NNN Lease w/ 7.5% Rent Bumps Every 5 Years, and (5), Five-Year Options
- Dense Trucking Area: Located at the Intersection of Market St (27,655+ VPD) & FM-485 (3,824+ VPD)
- Large Format 7-Eleven: Building is Over 6,000 SF/4.83 AC & Features 2 Restaurant Concepts: Raise the Roost Chicken & Laredo Taco
- Subject Property is Adjacent to a Love’s Travel Stop Which Saw Over 1.2M Customers Last Year, Many Other Tenants Along the Corridor
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Hearne | 20 Miles North of College Station | Population: 4,421+