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Dark 7-Eleven 1406 Corsicana Hwy

23,587 SF Retail Building Hillsboro, TX 76645 £1,379,156 (£58/SF) 8.02% Net Initial Yield

Executive Summary

Approximately 3 years remaining on the initial 15 year corporate 7-Eleven lease, with tenant closing down this location in May, 2024 and still makes the remaining monthly lease payments. The UST's and pumping equipment were removed by the tenant in June, 2024.
Excellent opportunity for an owner/user or a developer who may want to redevelop the site for a QSR and enjoy receiving the monthly lease payments until such time as construction permits are ready to be pulled.

Attachments

OM - 7-Eleven Dark - Hillsboro, Texas

Property Facts Under Contract

Sale Type
Investment NNN
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Convenience Store
Building Size
23,587 SF
Building Class
C
Year Built
2012
Price
£1,379,156
Price Per SF
£58
Net Initial Yield
8.02%
NOI
£110,608
Tenancy
Single
Number of Floors
1
Building FAR
0.70
Lot Size
0.77 AC
Zoning
Commercial (C)
1 of 1

Nearby Major Retailers

Anytime Fitness
Scooter's Coffeehouse
Ward's Restaurant

PROPERTY TAXES

Parcel Number 137070 Improvements Assessment £541,283
Land Assessment £473,282 Total Assessment £1,014,565

PROPERTY TAXES

Parcel Number
137070
Land Assessment
£473,282
Improvements Assessment
£541,283
Total Assessment
£1,014,565
(650) 279-5790

Contacts

  • Listing ID: 31785490

  • Date on Market: 13/05/2024

  • Last Updated:

  • Address: 1406 Corsicana Hwy, Hillsboro, TX 76645

The Retail Property at 1406 Corsicana Hwy, Hillsboro, TX 76645 is currently available for sale. Contact Marcus & Millichap for more information.

Nearby Listings

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© 2024 CoStar Group

Dark 7-Eleven | 1406 Corsicana Hwy
(650) 279-5790 x

Dark 7-Eleven | 1406 Corsicana Hwy

1/2

Steve Sauter

(650) 279-5790

(650) 279-5790

Timothy Speck

(972) 755-5200

(972) 755-5200

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