7-Eleven for Sale in Tomball, TX
Tomball, TX
Key Investment Metrics
Price
$5,911,508
Cap Rate
6.5%
Net Operating Income
$384,248
Building Size
4750 SF
Land Area
1.47 Acres
Remaining Term
11.0 years
Lease Expiration
01/19/2037
Lease Term
15.0 years
Lease Commencement
01/19/2022
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2021
Tenancy
Single
Rent Increases
7.5% Every 5 Years; 7.5% in Options
Property overview
7-Eleven in Tomball
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 4,750 SF
- Land area
- 1.47 acres
- Year built
- 2021
- Lease type
- Absolute NNN
- Lease expiration
- 01/19/2037
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.