14680 State Highway 31Brownsboro, TX 75756

This exceptional investment opportunity presents a single-tenant, net-leased 7-Eleven gas station located at 14680 State Hwy 31 W, Brownsboro, TX 75756. The property boasts a 5.90% cap rate and a substantial net operating income (NOI) of $241,875. Built in 1999, this 4,085 square foot convenience store sits on a 1.11-acre lot with a prominent hard-corner location on Highway 31 W, experiencing 16,039 vehicles per day. The property includes a 4,400 square foot fuel canopy with 12 dispensers. The current lease, an absolute NNN with no landlord responsibilities, runs through June 30, 2035, offering a remaining term of 10.6 years. Rent increases by 7.5% every five years throughout the primary term and three 5-year renewal options. 7-Eleven, an investment-grade tenant with an A rating from Standard & Poor's, has occupied the property since June 15, 2020, ensuring consistent income. The property benefits from its location near other national retailers like Sonic and Dollar General, as well as local businesses and schools. The Brownsboro area has a population of 9,954 within a 7-mile radius, with an average household income of $86,102. This offering presents a compelling combination of a strong tenant, favorable lease terms, and a prime location in a growing Texas market. The property is eligible for bonus depreciation. Texas's income tax-free status further enhances the investment's appeal. The asking price is $4,090,909, translating to a price per square foot of $1,001.45.