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    12440 State Highway 31 W Tyler, TX 75709

    For Sale
    $4,174,000

    NNN leased 7-Eleven in Tyler, TX with corporate guarantee.

    Property size:
    3,000 SF
    Lot size:
    0.78 Acres

    Property Features for 12440 State Highway 31 W

    General Information

    Size
    3,000 SF
    Lot size
    0.78 Acres

    Source: Secure Net Lease - Dallas Agent Edward "Ed" Benton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tyler 7-Eleven NNN Investment Opportunity

    This property, constructed in 1980, features a building of approximately 3,000 square feet situated on a 3.62-acre site. The property is under a corporate absolute NNN lease with over 11 years remaining. The lease includes 7.5% rental increases every 5 years in both the primary term and option periods. Located along State Highway 31 W, which sees over 15,681 vehicles per day, the property is also near State Highway 323 SW, with a traffic count of over 35,620 vehicles per day. Neighboring tenants include Dollar General, Grease Monkey, ABC Supply Co, Caterpillar, and the Scotts Company. The property is less than a 10-minute drive to the Tyler Pounds Regional Airport. Tyler is the commercial and cultural capital of the East Texas region, located 95 miles east of Dallas. 7-Eleven is the world’s largest convenience store chain and continues to develop new stores year-round. Tyler is the largest community in East Texas with a population of over 104,945.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mobil Gas Station PNC Bank ATM Atm

    Suggested Use

    Realty agency Restaurant Building Supply Clothing Store Auto Repair Shop Wholesale Shop Auto Parts Store Kitchen & Bath Bar & Pub Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.374846
    Latitude
    32.337149

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    FAQs

    What type of property is this?
    Grocery and convenience store - NNN leased 7-Eleven in Tyler, TX with corporate guarantee.
    Where is this grocery and convenience store located?
    The property is located at 12440 State Highway 31 W Tyler, TX.
    What is the asking price?
    The asking price for this property is $4,174,000.
    What are key features of this property?
    This property features: - Corporate Absolute NNN Lease with 7.5% Rental Increases Every 5 Years; - Located on State Highway 31 W (15,681+ VPD) near State Highway 323 SW (35,620+ VPD); - Tenant is 7-Eleven, the World’s Largest Convenience Store Chain
    (713) 222-2111
    Request Owner's contact information
    12440 State Highway 31 W Tyler, TX 75709
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    Tyler, TX 75709
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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
    12440 State Highway 31 W Tyler, TX 75709
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