7-Eleven for Sale in Mineola, TX
Mineola, TX
Key Investment Metrics
Price
$3,617,000
Cap Rate
5.3%
Net Operating Income
$193,500
Building Size
2390 SF
Land Area
0.6 Acres
Remaining Term
9.2 years
Lease Expiration
06/30/2035
Lease Term
15 years
Lease Commencement
06/15/2020
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2020
Tenancy
Single
Rent Increases
7% every 5 Years
Property overview
7-Eleven in Mineola
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,390 SF
- Land area
- 0.6 acres
- Year built
- 2020
- Lease type
- Absolute NNN
- Lease expiration
- 06/30/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.