11421 State Hwy 64Tyler, TX 75704

For Sale
$4,652,175
Opportunity to purchase a long term absolute NNN leased 7-Eleven in Tyler, TX

Overview

Added:
Jan 27
Days on market:
79
This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Tyler, Texas. This asset is corporately guaranteed by 7-Eleven but operated by Montfront, a franchisee. The lease calls for zero landlord obligations with 7.5% rental increases every 5 years and three, 5 year options to renew. The site benefits being located along State Highway 64 which gives direct access into Downtown Tyler, and less than 1 mile from a Walmart Supercenter and other retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more.

Location Description
Tyler is a city in the U.S. state of Texas. It is the seat of government of Smith County, and the largest city in Northeast Texas. With a 2020 census population of 105,995, Tyler was the 33rd most populous city in Texas and 299th in the United States. It is the principal city of the Greater Tyler metropolitan statistical area, which is the 198th most populous metropolitan area in the U.S. and 16th in Texas after Waco and the College Station–Bryan areas, with a population of 233,479 in 2020.

Highlights

  • Absolute NNN Lease Zero Landlord Obligations Corporate Guarantee 7-Eleven is an Investment Grade Tenant (S&P Rating “A”) Income Tax Free State Bonus Depreciation Benefits Located along State Highway 64 which gives direct access into Downtown Tyler Neighboring Retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more

Property Details for 11421 State Hwy 64

Property type
Retail properties
Square Feet
2,520 SF
Price / Square Foot
$1,846.10
Buildings
1
Stories
1
Elevators
N/A

Location Insight

City
Tyler
County
State
Texas

FAQs

What type of property is this?
Retail property - Opportunity to purchase a long term absolute NNN leased 7-Eleven in Tyler, TX
Where is the retail property located?
The property is located at 11421 State Hwy 64 Tyler, TX.
What is the asking price?
The asking price for this property is $4,652,175.
What are key features of this property?
This property features: Absolute NNN Lease Zero Landlord Obligations Corporate Guarantee 7-Eleven is an Investment Grade Tenant (S&P Rating “A”) Income Tax Free State Bonus Depreciation Benefits Located along State Highway 64 which gives direct access into Downtown Tyler Neighboring Retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more
How can I contact the broker?
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11421 State Hwy 64
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