Price: $1,028,571
Cap Rate: 5.25%
Net Operating Income: $54,000
Square Footage: 2,553
Lot Size: 1.39 AC

This is an absolute net leased C-Store offering in Tyler, TX. This Valero branded station has a new 20 year absolute NNN lease and calls for 1.75% annual increases in rent. The lease is corporately guaranteed by a leading 700-unit operator.

Tyler is a city in eastern Texas. It’s known as a center for rose cultivation. In season, thousands of rose bushes line the manicured grounds of the Tyler Municipal Rose Garden. The Tyler Rose Museum explores the history of the city’s annual Texas Rose Festival.

As Northeast Texas and Smith County’s major economic, educational, financial, medical and cultural hub, Tyler is host to more than 20,000 higher-education students, the University of Texas at Tyler, a university health science center, and regional hospital systems. It is also the headquarters for Brookshire Grocery Company, Cavender’s, Southside Bank, and Synthesizers.com. Other corporations with major presence within the city limits and surrounding area include AT&T, T-Mobile US, Cricket Wireless and Metro by T-Mobile, Chase Bank, BBVA, Best Buy, and Walmart. Tyler is also home to the Caldwell Zoo and Broadway Square Mall