Available For Sale - Retail

2,520 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
2,520 SF
Price/SF
Show Pricing $
Listing ID
SA416627
Notes
NEW 15-YEAR NNN LEASE

This listing features brand a brand new 15-year NNN lease with a 7.5% rental escalation every 5 years, providing investors with a long-term passive income stream with a built-in inflation hedge.

INVESTMENT GRADE GUARANTEE (AA- S&P)

The subject lease is guaranteed by Monfort Companies and 7-Eleven corporate, which has an investment grade credit rating of AA- from the S&P. 7-Eleven is the world’s most recognized convenience store brand with over 63,000 locations worldwide.

ESSENTIAL RETAILER

7-Eleven and other C-store counterparts have been deemed as essential businesses throughout the COVID-19 quarantine. According to CSP, industry data suggests the COVID-19 quarantine has had a positive effect on store sales, up to a 5% sales increase all across the U.S. GROWTH DURING UNCERTAIN TIMES 7-Eleven Inc. said it expects in the coming months to hire as many as 20,000 new associates to meet the increasing demand for 7-Eleven products and to help meet the surge in their delivery orders through its 7NOW delivery app.

Representational Photo

CLOSE PROXIMITY TO JOHN TYLER HIGH SCHOOL

The subject location is positioned +/- 1 mile from John Tyler High School, a public high school known for its elite football program with +/- 2,093 students.

PLANS TO REMODEL WITHIN THE YEAR

Historically, this location operated as a Kidd Jones gas station and convenience store. However, in the coming months, the site will be completely renovated and updated to meet 7-Eleven standards.

INCOME TAX-FREE STATE

Texas is one of only seven states that have no personal income tax. According to the Tax Foundation, its overall state and local tax burden ranked 46th among all states.

5-MILE DISTANCE TO NEW UT MEDICAL SCHOOL - $95M INVESTMENT

The University of Texas system has announced that they are going to bring a new medical school to Tyler, TX. The new medical school is expected to have a cumulative economic impact over 10 years of $2.8 billion and create +/- 30,000 new jobs. After 10 years, it is forecasted to generate an economic impact of $1.9 billion annually.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Nolan Johnson, B+E Net Lease