7-Eleven | 1637 N Market St
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7-Eleven 1637 N Market St
6,050 SF Retail Building Hearne, TX 77859 $9,196,000 ($1,520/SF) 5.10% Cap Rate
Investment Highlights
- Dense Trucking Area: Located at the Intersection of Market St (27,655+ VPD) & FM-485 (3,824+ VPD)
- Subject Property is Adjacent to a Love’s Travel Stop Which Saw Over 1.2M Customers Last Year, Many Other Tenants Along the Corridor
- Hearne | 20 Miles North of College Station | Population: 4,421+
- Large Format 7-Eleven: Building is Over 6,000 SF/4.83 AC & Features 2 Restaurant Concepts: Raise the Roost Chicken & Laredo Taco
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
Executive Summary
Brand New 15-Yr Absolute NNN Lease w/ 7.5% Rent Bumps Every 5 Years, and (5), Five-Year Options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,050 SF
Year Built
2023
Price
$9,196,000
Price Per SF
$1,520
Cap Rate
5.10%
NOI
$468,977
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Land Acres
4.83 AC
PROPERTY TAXES
| Parcel Number | 000304-001672 | Improvements Assessment | $1,646,672 |
| Land Assessment | $296,266 | Total Assessment | $1,942,938 |
PROPERTY TAXES
Parcel Number
000304-001672
Land Assessment
$296,266
Improvements Assessment
$1,646,672
Total Assessment
$1,942,938
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Edward Benton -
Joseph Caputo -
Secure Net Lease
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7-Eleven | 1637 N Market St
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