3400 Van Hwy Tyler, TX 75702-2608

Property Details for 3400 Van Hwy

Year built

2021

Lot size

1.78 lot acres

Property size

4,500 SF

Property type

Retail space

APN

1-50000-1263-00-004060

APU

150000126300004060

Description

This exceptional investment opportunity presents a 4,842 square foot 7-Eleven convenience store and gas station located at 3400 Van Hwy, Tyler, TX 75702. Built in 2022, this property sits on a 1.78-acre lot at the signalized intersection of Loop 323 and Van Highway, boasting combined daily traffic counts exceeding 37,000 vehicles. The property features fourteen 7-Eleven branded gas pumps, two highly visible pylon signs, and multiple ingress/egress points. The 15-year absolute net corporate lease with 7-Eleven, Inc. includes 10% rent escalations every five years and four, five-year renewal options, eliminating landlord responsibilities. 7-Eleven, Inc. boasts an investment-grade credit rating (A by S&P and Baa2 by Moody's). The property's strategic location offers exceptional visibility and proximity to numerous national retailers, including Walmart, Walgreens, Starbucks, and more, further enhancing its long-term value. The asking price is $4,762,000, representing a 4.85% cap rate and significantly below replacement cost for comparable new constructions. This asset is situated seven minutes from downtown Tyler and across Loop 323 from John Tyler High School, benefiting from a robust and growing local market. A Laredo Taco Company is also located within the store. This is a rare opportunity to acquire a high-performing, low-risk investment in a thriving Texas market.

Location Insight

City

Tyler

County

Smith

State

Texas

Longitude

-95.3426

Latitude

32.3692

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments