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12440 Hwy 31 WTyler, TX 75709
7-Eleven
Asset ClassRetail
STNL 7-Eleven (S&P: A) | Bonus Depreciation
overview of deal

Overview

The Boulder Group is pleased to exclusively market for sale a single tenant net leased 7-Eleven property located in Tyler, Texas. 7-Eleven has been operating at this location since 2020. The current 7-Eleven lease expires in June 2035 and is triple net with no landlord responsibilities. The rent increases by 7.5% every five years throughout the primary term and three 5-year renewal options. The subject property contains 8 fuel dispensers on a large 3.62-acre site. The lease features a corporate guaranty from 7-Eleven, an investment grade rated tenant (Standard & Poor’s: A). Texas is also an income tax free state, an added benefit for investors.

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Investment Highlights

  • Investment grade tenant – Standard & Poor’s: A
  • Texas is an income tax free state
  • Eligible for bonus depreciation*
  • NNN – No landlord responsibilities
  • Over 11 years remain on the primary lease term
  • 7.5% rental escalations every five years
  • 8 fuel dispensers on a large 3.62-acre lot
  • Located along State Highway 31 W (15,681 VPD)
  • Proximity to State Highway 323 SW (35,620 VPD)
  • 122,467 people live within a seven-mile radius
  • Average household income within seven miles is in excess of $87,000
  • Nearby tenants include Dollar General, Grease Monkey, ABC Supply Co, Caterpillar, & The Scotts Company
  • Less than a 10-minute drive to the Tyler Pounds Regional Airport
12440 Hwy 31 WTyler, TX 75709

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Listing provided by Revere CRE