Corporate 7-Eleven Tyler, TX

12440 Highway 31 West
Tyler, TX

Price: $4,486,000
Cap Rate: 5.35%
NOI: $240,000
Building Size: Approx. 3,000 Sq. Ft.
Lot Size: Approx. 3.62 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 1980

Investment Overview

  • 1980 Construction. 3,000 +/- SF Building on 3.62+/- Acre Site
  • Over 11 Years on Corporate Absolute NNN Lease with 7.5% Rental Increases Every 5 Years in Both the Primary Term and Option Periods
  • Location Advantage: Property Is Located Along State Highway 31 W (15,681+ VPD) & Near State Highway 323 SW (35,620+ VPD)
  • Nearby Tenants Include: Dollar General, Grease Monkey, ABC Supply Co, Caterpillar, & the Scotts Company & Subject Property Is Less than a 10-Minute Drive to the Tyler Pounds Regional Airport
  • Tyler Is the Commercial and Cultural Capital of the East Texas Region; 95 Miles East of the Third Largest City in Texas – Dallas
  • 7-Eleven Is the World’s Largest Convenience Store Chain. The Company Recently Opened Their 85,000th Store and Continues to Develop New Stores Year-Round.
  • Tyler | Largest Community in East Texas | Population: 104,945+