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Auto Service - Gas-Conv

7-Eleven

14680 TX-31, Brownsboro, TX 75756

Listing Price: $4,326,923

Cap Rate
5.20%
Tenant Name
7E TX, LLC
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
4,085
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.08

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 14680 State Highway 31 W in Brownsboro, Texas. The site consists of roughly 4,085 rentable square feet of building space on estimated 0.80-acre parcel of land. This 7-Eleven is subject to a 15-year absolute triple-net (NNN) lease, which commenced June 15th, 2020. The current annual rent is $225,000 and is scheduled to increase by 7.50%every 5 years throughout the base term and in each of the three (3), five (5)-year renewal options.

Investment Highlights

  • Original 15-Year Absolute Triple-Net (NNN) Lease | +/- 12.75 Years Remaining
  • Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
  • 7.5% Rental Increases Every Five (5) Years

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Service - Gas-Conv

7-Eleven

Listing Price: $4,326,923

Cap Rate
5.20%
Tenant Name
7E TX, LLC
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
4,085
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.08

Investment Highlights

  • Original 15-Year Absolute Triple-Net (NNN) Lease | +/- 12.75 Years Remaining
  • Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
  • 7.5% Rental Increases Every Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 14680 State Highway 31 W in Brownsboro, Texas. The site consists of roughly 4,085 rentable square feet of building space on estimated 0.80-acre parcel of land. This 7-Eleven is subject to a 15-year absolute triple-net (NNN) lease, which commenced June 15th, 2020. The current annual rent is $225,000 and is scheduled to increase by 7.50%every 5 years throughout the base term and in each of the three (3), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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