This is a unique opportunity to acquire a long-term, absolute NNN leased 7-Eleven located in Chandler, Texas. The property is corporately guaranteed by 7-Eleven. The lease agreement is structured with zero landlord obligations and features 7.5% rental increases every 5 years. Additionally, the lease includes three 5-year options to renew, ensuring a stable income stream over the long term.
The property benefits from its prime location along State Highway 31, a major thoroughfare that further enhances its visibility and access. In addition to the strong national tenant presence, the site’s strategic positioning in a high-traffic area ensures long-term potential for growth and stability in rental income.This property is offered at a price of $4,165,217, with a cap rate of 6.18% based on a Net Operating Income (NOI) of $257,462.50. It offers investors a secure, long-term investment in a high-demand retail location.
Absolute NNN Lease with Zero Landlord Responsibilities
7.5% Rental Increases Every 5 Years - Throughout the Primary Term and Option Periods
Corporate Guarantee - Backed by 7-Eleven Corporate (S&P: AA-)
15 Years of Firm Term Remaining
Located in Strong Texas Market - Income Tax Free State
Freestanding Location - Along State Highway 31