12440 Hwy 31Tyler, TX 75709

This exceptional investment opportunity presents a 3,000 square foot 7-Eleven convenience store and gas station situated on a 3.62-acre lot in Tyler, Texas. The property boasts a prime location on Highway 31 W (15,681+ vehicles per day) and near Highway 323 SW (35,620+ vehicles per day), ensuring high visibility and consistent traffic flow. Built in 1980, the single-story building is currently operating under a corporate-guaranteed absolute NNN lease with 10.6 years remaining. The lease features attractive 7.5% rent bumps every five years, providing significant long-term growth potential. The property's strong NOI of $240,000 yields a 5.50% cap rate, making it an attractive investment for discerning buyers. Benefiting from a strong tenant in 7-Eleven, the world's largest convenience store chain, this asset offers exceptional stability and growth prospects. The property's strategic location is further enhanced by its proximity to other established businesses, including Dollar General, Grease Monkey, ABC Supply Co, Caterpillar, and Scotts Company, and its convenient location less than ten minutes from Tyler Pounds Regional Airport. Tyler, the commercial and cultural heart of East Texas, boasts a population exceeding 104,945, offering a substantial and growing customer base. This is a rare opportunity to acquire a high-performing, passively managed investment property with significant upside potential. The asking price is $4,364,000.