Investment Offering
Longview, TX - 7-Eleven (Loop 281)
4108 W Loop 281 | Longview, TX
$9,376,000
Price6.35%
Cap Rate$595,400
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 every 3 years 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 7-Eleven is strategically located at the signalized, hard-corner intersection of W. Loop 281 and W. Cotton Street, which averages a combined 23,200 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign along W. Loop 281. Furthermore, the property is situated next to several large industrial facilities for PODS, Phoenix Logistics, Camfil, and many others, along with numerous national/credit retail tenants including Kroger, Starbucks, and Autozone. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. In addition, the asset is located in close proximity to Lear Park, Pine Tree Middle School, Parkway Elementary School, and Pirate Stadium, further increasing consumer traffic to the site. The 5-mile trade area is supported by over 80,500 residents and 51,000 employees, providing a direct consumer base from which to draw.
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