Views: 0 DOM: 110 Updated: 10.18.23 Posted: 08.23.23 Status: Contract


Price $7,500,000
Built/Renov 2023
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,730
Lease Start 10-05-2023
#Units 83,282
Price/SF $1,585.62
Expiration 10-04-2038
Tenant Type Convenience/Gas
NOI $375,000
R. Term 14.10
Ownership Fee Simple
Rent/SF $79.28
Increases 10.0%/5/yrs
Pop 5Mi 131,607
Lot/AC 2.44
Options 4/5yrs/10%
AHHI 5Mi $112,872

Lease Highlights

  • Brand new 2023 construction
  • 7-Eleven recently signed a brand-new 15-year lease with 4 (5-year) options to extend
  • Lease features a 10% rental increase every 5 year throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Seven and I Holdings (OTCMKTS: SVNDY)

Location Description

This newly constructed 7-Eleven is strategically located at the signalized, hard corner intersection of Oak Lake Boulevard and Genito Road seeing a combined 14,000 vehicles per day. The subject property consists of a 4,730 square foot retail space, a single row canopy with six fueling stations, twelve pumps, and ample parking on a large 2.44-acre parcel. Neighboring national/credit tenants in...



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  • Tenant: 7-Eleven
  • Guarantor:Corp T and Rated
  • Company:Seven and I Holdings
  • # Units:83,282
  • Tenant S&P: A
  • Moody’s: Baa2

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises and/or licenses more than 83,000 stores in 19 countries, including over 12,500...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,493 60,461 140,246
2023 Total Population : 3,273 58,086 135,373
2023 Employed Civilian Pop : 1,597 30,545 71,114
2023 Total Businesses : 202 1,402 4,476
2023 Average Household Income : $ 91,057 $ 124,228 $ 127,811
2023 Total Consumer Spending : $ 92 M $ 2373 M $ 5570 M
2023 Median Age : 39 39 40
2023 Total Households : 1,187 22,458 51,366
2023 Pop Age 25+: Bachelor's Degree : 510 12,747 30,334
2023 Average Home Value : $ 428,055 $ 386,717 $ 396,542
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Oak Lake Blvd Oak Lake Trl 2016 3,900 0.03 mi
Genito Road Genito Rd 2021 14,000 0.27 mi
Genito Road S Ridge Dr 2021 14,000 0.27 mi
S Ridge Dr Duck River Rd 2015 1,300 0.30 mi
South Ridge Drive Duck River Rd 2021 1,100 0.30 mi
South Ridge Drive Beaver Point Dr 2021 1,500 0.31 mi
South Ridge Circle S Ridge Dr 2021 100 0.33 mi
Duck River Road Shiloh Church Rd 2021 210 0.34 mi
Duck River Rd Duck River Ct 2009 280 0.35 mi
Duck River Court Duck River Rd 2021 320 0.36 mi

Listing Broker

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