Skip to main content

Auto Service - Gas-Conv

7-Eleven

16669 FM 2493, Tyler, TX 75703

Listing Price: $5,684,210

Cap Rate
4.75%
Tenant Name
7E TX, LLC
Gross SF
10,325
Guarantor
Corporate Guarantee
Rentable SF
10,325
Price/Gross SF
$550.53
Lease Type
Absolute Net
Rent Per Square Feet
$26.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a 7-Eleven located at 16669 Farm-To-Market Road 2493, Tyler, TX 75703. The property consists of roughly 10,325 rentable square feet of building space on an estimated 1.98-acre parcel of land.
7-Eleven is subject to a brand new 15-year Absolute Triple-Net (NNN. The initial rent is $270,000 with 7.5% increases every 5 years or the change in CPI from the previous five lease years. There are five (5), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • Three (3), Five (5)-Year Tenant Renewal Options
  • 7.5% Rental Increases Every Five (5) Years

Exclusively Listed By

Auto Service - Gas-Conv

7-Eleven

Listing Price: $5,684,210

Cap Rate
4.75%
Tenant Name
7E TX, LLC
Gross SF
10,325
Guarantor
Corporate Guarantee
Rentable SF
10,325
Price/Gross SF
$550.53
Lease Type
Absolute Net
Rent Per Square Feet
$26.15

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • Three (3), Five (5)-Year Tenant Renewal Options
  • 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 16669 Farm-To-Market Road 2493, Tyler, TX 75703. The property consists of roughly 10,325 rentable square feet of building space on an estimated 1.98-acre parcel of land.
7-Eleven is subject to a brand new 15-year Absolute Triple-Net (NNN. The initial rent is $270,000 with 7.5% increases every 5 years or the change in CPI from the previous five lease years. There are five (5), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower