Auto Service - Gas-Conv
7-Eleven
14680 TX-31, Brownsboro, TX 75756
Listing Price: $4,326,923
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.
Listing Price: $4,326,923
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.
