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534 East Garland Street Grand Saline, TX 75140

For Sale
$3,304,347

NNN Leased 7-Eleven in Grand Saline, TX

Property size:
3,324 SF

Description

Added:
Jan 24, 2025
Days on Market:
320
This exceptional investment opportunity presents a long-term, absolute NNN leased 7-Eleven convenience store located in Grand Saline, Texas. The property boasts a 3,324 square foot building situated on a 0.79-acre lot. The lease agreement features zero landlord obligations, providing a passive income stream for the investor. A significant advantage is the built-in rental increases of 7.5% every five years, ensuring consistent growth in rental income. Furthermore, the lease includes three, five-year renewal options, providing long-term security and predictability. The property benefits from a high-traffic location along U.S. Highway 80, a major thoroughfare, and enjoys proximity to Grand Saline City Park, enhancing visibility and accessibility. Grand Saline, often called "The Salt Capital of Texas," is strategically located approximately one hour east of Dallas and 15 miles north of Interstate 20, offering convenient access to a larger regional market. The city's population, according to the 2020 census, is 3,107 residents. This investment is further enhanced by the property's location at the intersection of U.S. Highway 80, Texas Highway 17, and Texas Highway 110. The asking price for this exceptional NNN investment is $3,304,347. This property offers significant tax advantages, including bonus depreciation benefits and the benefit of being located in a state with no income tax. The tenant, 7-Eleven, is an investment-grade tenant with an S&P rating of "A," providing further assurance of financial stability and consistent rental payments.

Property Features for 534 East Garland Street

General Information

Property type
Other retail properties
Square Feet
3,324 SF
Price / Square Foot
$994
Elevators
N/A
Lot Size
34,456 SF
Net Operating Income
$190,000

Building Details

Buildings
1
Stories
1

HighLights

  • Prime 7‑Eleven location in Grand Saline, TX, on US Hwy 80.
  • Absolute NNN lease with zero landlord responsibilities.
  • Features 7.5% rent increases every 5 years, plus renewal options.
Insight Report Location Intelligence

Current Use by Public Records

7-Eleven Convenience Store Western Union Money Transfer Service Exxon Gas Station

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Grand Saline
State
Texas
Longitude
-95.702777
Latitude
32.674023

FAQs

What type of property is this?
Other retail property - NNN Leased 7-Eleven in Grand Saline, TX
Where is this other retail property located?
The property is located at 534 East Garland Street Grand Saline, TX.
What is the asking price?
The asking price for this property is $3,304,347.
What are key features of this property?
This property features: Prime 7-Eleven location in Grand Saline, TX, on US Hwy 80.; Absolute NNN lease with zero landlord responsibilities.; Features 7.5% rent increases every 5 years, plus renewal options.
More about this property
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