3400 Van HwyTyler, TX 75702

Property Details for 3400 Van Hwy

Year built

2021

Lot size

1.78 AC

Property size (Sq ft)

4,500 SF

Property type

Retail space

APN

1-50000-1263-00-004060

APU

150000126300004060

Description

This exceptional investment opportunity presents a 4,842 square foot 7-Eleven convenience store and gas station located at 3400 Van Hwy, Tyler, TX 75702. Built in 2022, this property sits on a 1.78-acre lot at the signalized intersection of Loop 323 and Van Highway, boasting combined daily traffic counts exceeding 37,000 vehicles. The property features fourteen 7-Eleven branded gas pumps, two highly visible pylon signs, and multiple ingress/egress points. The 15-year absolute net corporate lease with 7-Eleven, Inc. includes 10% rent escalations every five years and four, five-year renewal options, eliminating landlord responsibilities. 7-Eleven, Inc. boasts an investment-grade credit rating (A by S&P and Baa2 by Moody's). The property's strategic location offers exceptional visibility and proximity to numerous national retailers, including Walmart, Walgreens, Starbucks, and more, further enhancing its long-term value. The asking price is $4,762,000, representing a 4.85% cap rate and significantly below replacement cost for comparable new constructions. This asset is situated seven minutes from downtown Tyler and across Loop 323 from John Tyler High School, benefiting from a robust and growing local market. A Laredo Taco Company is also located within the store. This is a rare opportunity to acquire a high-performing, low-risk investment in a thriving Texas market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,456,799

  6.5%

  $1,344,737

  7%

  $1,248,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,658,606

  Geo Method

  $3,395,082

• Alternative Use

  Use

  Valuation

  Residential

  $1,134,336

  Hospitality

  $1,039,046

  Educational

  $864,474

  Medical

  $894,205

  Retail

  $1,344,737

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3692

Longitude

-95.3426

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].