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    14680 State Highway 31 Brownsboro, TX 75756

    For Sale
    $4,090,909

    High-yield NNN 7-Eleven, strong lease terms.

    Property size:
    4,085 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a single-tenant, net-leased 7-Eleven gas station located at 14680 State Hwy 31 W, Brownsboro, TX 75756. The property boasts a 5.90% cap rate and a substantial net operating income (NOI) of $241,875. Built in 1999, this 4,085 square foot convenience store sits on a 1.11-acre lot with a prominent hard-corner location on Highway 31 W, experiencing 16,039 vehicles per day. The property includes a 4,400 square foot fuel canopy with 12 dispensers. The current lease, an absolute NNN with no landlord responsibilities, runs through June 30, 2035, offering a remaining term of 10.6 years. Rent increases by 7.5% every five years throughout the primary term and three 5-year renewal options. 7-Eleven, an investment-grade tenant with an A rating from Standard & Poor's, has occupied the property since June 15, 2020, ensuring consistent income. The property benefits from its location near other national retailers like Sonic and Dollar General, as well as local businesses and schools. The Brownsboro area has a population of 9,954 within a 7-mile radius, with an average household income of $86,102. This offering presents a compelling combination of a strong tenant, favorable lease terms, and a prime location in a growing Texas market. The property is eligible for bonus depreciation. Texas's income tax-free status further enhances the investment's appeal. The asking price is $4,090,909, translating to a price per square foot of $1,001.45.

    Property Features for 14680 State Highway 31

    General Information

    Property type
    Automotive properties
    Square Feet
    4,085 SF
    Lot Size
    48,352 SF

    Building Details

    Year Built
    1999

    HighLights

    • Bonus depreciation eligibility (consult your CPA).
    • Texas income tax‑free state.
    • Investment‑grade tenant (S&P A‑rated).
    • Over 11 years remaining on lease term.
    • 7.5% rent escalations every 5 years.
    • Three 5‑year lease renewal options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service 7-Eleven Convenience Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsboro
    County
    Henderson
    State
    Texas
    Longitude
    -95.6095141
    Latitude
    32.3023923

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    FAQs

    What type of property is this?
    Automotive property - High-yield NNN 7-Eleven, strong lease terms.
    Where is this automotive property located?
    The property is located at 14680 State Highway 31 Brownsboro, TX.
    What is the asking price?
    The asking price for this property is $4,090,909.
    What are key features of this property?
    This property features: Bonus depreciation eligibility (consult your CPA).; Texas income tax-free state.; Investment-grade tenant (S&P A-rated).
    Request Owner's contact information
    14680 State Highway 31 Brownsboro, TX 75756
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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
    14680 State Highway 31 Brownsboro, TX 75756
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