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Views: 121 DOM: 314 Updated: 10.24.24 Posted: 01.23.24 Status: Active

Summary

Price $9,670,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 01-01-2024
#Units 83,282
Price/SF $2,079.57
Expiration 01-31-2039
Tenant Type Convenience/Gas
NOI $531,805
R. Term 14.2
Ownership Fee Simple
Rent/SF $114.37
Increases 7.5%/5/yrs
Pop 5Mi 8,180
Lot/AC 4.48
Options 4/5yrs/7.5%
AHHI 5Mi $65,995

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year lease with 4 (5-year) options to extend
  • Lease features 7.5% rental increases every 5 years throughout the primary term and each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This large format 7-Eleven, located on a 4.48-acre parcel, features 7-Eleven's restaurant concept, Laredo Taco, 42 parking spaces, 12 gasoline MPDs, and a diesel terminal. It is located on Hwy. 188 (9,354 VPD), just off of TX Highway 89/US 181, the south-north U.S. Highway leading from Corpus Christi to San Antonio. The site is only two minutes from Sinton High School and Sinton Middle School,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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...


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Listing Broker

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