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Ann Bullock

Sands Investment Group

Office Phone: 949-282-0088

 

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Published on: Tuesday, April 21, 2015 4:42:34 AM
Updated on: Tuesday, April 21, 2015 12:48:56 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Tennessee-41092

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 0

 

Building Size: 47,206 SqFt

Lot Size: 4 Acre

No of Stories: 1

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Sands Investment Group believes the information contained herein to be reliable. However, we make no guarantees, representations or warranties of any kind, expressed or implied regarding this information; including, but not limited to content, accuracy & reliability. Investors should consult a tax and legal advisor, as well as verify ALL information prior to the investment.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 6.82

Commission Split (%): 0

Complete Details


Year Build: 0

Building Size: 47,206 SqFt.

No of Stories: 1

Total Lot Area: 3.90 Acre

No of Parking: 0

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Metal

Occupancy: 100%

Full Description


Sands Investment Group is pleased to exclusively offer for sale a single tenant triple net leased 7-Eleven in Austin, TX. This service store/gas station location is in Travis County Texas. Austin is the 11th most populous city in the United States and this location boasts a population of almost 188,000 residents within a 5-mile radius. The new construction 7-Eleven consists of a 3,000 SF building on a 68,825 SF lot on the NW corner of Dessau Rd. and Howard Lane. There is a 15 Year NNN Lease in place with minimal landlord responsibility and 10% rent increases every 5 years.

Additional Properties


Property Highlights
  • Under $35 PSF / building
  • Under $10 PSF/ land
  • Huge Upside - 6.82% CAP Rate with over 50% vacancy
  • Over 40% of the square footage leased to national credit tenants
  • Carthage is a town in Smith County, TN and is part of the Nashville Metropolitan Statistical Area.
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