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    11421 State Hwy 64 Tyler, TX 75704

    For Sale
    $4,652,175

    Opportunity to purchase a long term absolute NNN leased 7-Eleven in Tyler, TX

    Property size:
    2,520 SF

    Description

    Added:
    Jan 27, 2025
    Days on Market:
    321
    This is the opportunity to purchase a long term absolute NNN leased 7-Eleven in Tyler, Texas. This asset is corporately guaranteed by 7-Eleven but operated by Montfront, a franchisee. The lease calls for zero landlord obligations with 7.5% rental increases every 5 years and three, 5 year options to renew. The site benefits being located along State Highway 64 which gives direct access into Downtown Tyler, and less than 1 mile from a Walmart Supercenter and other retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more.

    Location Description
    Tyler is a city in the U.S. state of Texas. It is the seat of government of Smith County, and the largest city in Northeast Texas. With a 2020 census population of 105,995, Tyler was the 33rd most populous city in Texas and 299th in the United States. It is the principal city of the Greater Tyler metropolitan statistical area, which is the 198th most populous metropolitan area in the U.S. and 16th in Texas after Waco and the College Station–Bryan areas, with a population of 233,479 in 2020.

    Property Features for 11421 State Hwy 64

    General Information

    Property type
    Other retail properties
    Square Feet
    2,520 SF
    Price / Square Foot
    $1,846
    Elevators
    N/A

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Absolute NNN Lease Zero Landlord Obligations Corporate Guarantee 7‑Eleven is an Investment Grade Tenant (S&P Rating “A”) Income Tax Free State Bonus Depreciation Benefits Located along State Highway 64 which gives direct access into Downtown Tyler Neighboring Retailers that include Dollar Tree, Sonic Drive‑In, Pizza Hurt, Starbucks and more
    Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Law Firm Building Supply Clothing Store Gym & Fitness Pharmacy Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    State
    Texas
    Longitude
    -95.356841
    Latitude
    32.356333

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    FAQs

    What type of property is this?
    Other retail property - Opportunity to purchase a long term absolute NNN leased 7-Eleven in Tyler, TX
    Where is this other retail property located?
    The property is located at 11421 State Hwy 64 Tyler, TX.
    What is the asking price?
    The asking price for this property is $4,652,175.
    What are key features of this property?
    This property features: Absolute NNN Lease Zero Landlord Obligations Corporate Guarantee 7-Eleven is an Investment Grade Tenant (S&P Rating “A”) Income Tax Free State Bonus Depreciation Benefits Located along State Highway 64 which gives direct access into Downtown Tyler Neighboring Retailers that include Dollar Tree, Sonic Drive-In, Pizza Hurt, Starbucks and more
    (925) 348-1844
    Request Owner's contact information
    11421 State Hwy 64 Tyler, TX 75704
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    Tyler, TX 75704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11421 State Hwy 64 Tyler, TX 75704
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