Investment Offering
Longview, TX - 7-Eleven (Judson)
1401 Judson Road | Longview, TX 75604
$6,144,000
Price6.35%
Cap Rate$390,154
NOIDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding 7-Eleven investment opportunity located in Longview, Texas. The tenant has 12+ years remaining on its current lease term with 3 (5-year) options to extend. The lease features 7.5% rental increases every 5 years throughout the initial term, and 4% increases during the extension terms, growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. 7–Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada.
Location
The subject property is strategically located along Judson Road, a state highway serving roughly 23,400 vehicles per day. The site benefits from excellent visibility via significant street frontage and a large monument sign. Furthermore, the property is ideally situated across from a Family Dollar anchored neighborhood center, and is in close proximity to numerous retail tenants including Planet Fitness, Kroger, Walgreens, Super 1 Foods, Dollar Tree, Dollar General, AutoZone, Valvoline, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the 7-Eleven is located less than two miles from downtown Longview, providing an immediate gas station/convenience store option for residents traveling in and out of town. The 5-mile trade area is supported by more than 86,000 residents and 52,000 employees, providing a direct, consistent consumer base from which to draw. Residents within 1 mile of the subject property boast a stable average household income of $84,490.
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215