Property Name

7-Eleven




GLA 4,842 SF

Percent Leased 100% Leased

Property Description

7-Eleven signed a 20-year absolute net corporate lease for a 2021 convenience and fuel location in Jacksonville, Texas.  The tenant is anticipated to open for business on July 1, 2021.  Located approximately 20 minutes south of Tyler on the primary throughfare of Jacksonville, the Property sits at the signalized hard corner intersection of Jackson Street (US-69) and Pine Street (Texas State Highway 135) with combined traffic counts in excess of 26,500 vehicles per day. 7-Eleven features a 4,842 SF convenience store with a highly visible illuminated two-sided pylon and 22 7-Eleven branded gas pumps on approximately 1.99 acres of land.  The lease features 10% rent escalations every 5 years with four, 5-year renewal options and zero landlord responsibilities.  7-Eleven, Inc. corporate credit is rated “AA-“ by S&P and “Baa1” by Moody’s, both considered investment grade.  The Property benefits from a favorable location in close proximity to the major grocery chains Brookershire Brothers (across the street) and Walmart Supercenter (just minutes south). Other national area retailers include Family Dollar, Dollar Tree, Chick-fil-A, Whataburger, AT&T, AutoZone Auto Parts, Prosperity Bank, Subway and Panda Express, among many others.  
 


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