Absolute NNN Leased 7-Eleven | 802 TX-110
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Absolute NNN Leased 7-Eleven 802 TX-110
2,546 SF Retail Building Whitehouse, TX 75791 £2,774,141 (£1,090/SF) 5.50% Net Initial Yield
Investment Highlights
- Absolute NNN Lease
- Income Tax Free State
- Bonus Depreciation Benefits
- Zero Landlord Obligations
- 7-Eleven is an Investment Grade Tenant (S&P Rating “A”)
Executive Summary
This is the opportunity to purchase a long term absolute NNN leased 7-
Eleven in Whitehouse, Texas. The lease calls for zero landlord
obligations with 7.5% rental increases every 5 years and three, 5 year
options to renew. The site benefits being located along Texas Highway
110 with exposure to 17.000 vehicles per day and 0.4 miles from
Whitehouse Town Center Shopping Mall.
Eleven in Whitehouse, Texas. The lease calls for zero landlord
obligations with 7.5% rental increases every 5 years and three, 5 year
options to renew. The site benefits being located along Texas Highway
110 with exposure to 17.000 vehicles per day and 0.4 miles from
Whitehouse Town Center Shopping Mall.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,546 SF
Building Class
C
Year Built
1989
Price
£2,774,141
Price Per SF
£1,090
Net Initial Yield
5.50%
NOI
£152,578
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.74 AC
Zoning
F10
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1-55010-0001-00-001000 | Improvements Assessment | £117,606 |
Land Assessment | £103,123 | Total Assessment | £220,729 |
PROPERTY TAXES
Parcel Number
1-55010-0001-00-001000
Land Assessment
£103,123
Improvements Assessment
£117,606
Total Assessment
£220,729
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Absolute NNN Leased 7-Eleven | 802 TX-110
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