534 Garland StGrand Saline, TX 75140

This exceptional investment opportunity presents a 3,324-square-foot 7-Eleven convenience store in Grand Saline, Texas, boasting a long-term, absolute NNN lease with zero landlord responsibilities. The property, located at 534 E Garland St, enjoys a prime position along US Highway 80, adjacent to Grand Saline City Park, ensuring high visibility and convenient access. The current lease, commencing June 14, 2020, and expiring June 29, 2035, has a remaining term of approximately 10.6 years. The lease includes three, five-year renewal options, providing significant long-term stability. Rental increases of 7.5% are built into the lease every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $190,000, resulting in a 5.50% cap rate. Projected cap rates are 5.70% in 2025 and 6.10% in 2030. The asking price is $3,454,545, translating to a price per square foot of $1,039.27. This investment benefits from 7-Eleven's investment-grade tenant status (S&P rating "A") and the tax advantages of being located in a state with no income tax. Bonus depreciation benefits further enhance the investment's appeal. This is a rare opportunity to acquire a secure, high-yielding investment property with a nationally recognized tenant in a desirable location.