7-Eleven

1231 East McCarty Lane, San Marcos, TX 78666

$8,088,000

Cap Rate 5.00%

Views: 45 DOM: 114 Updated: 04.22.24 Posted: 01.23.24 Status: Contract

Summary

Price $8,088,000	Built/Renov 2023	Tenant 7-Eleven
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,650	Lease Start 02-01-2024	#Units 83,282
Price/SF $1,739.35	Expiration 01-31-2039	Tenant Type Convenience/Gas
NOI $404,416	R. Term 14.8	Ownership Fee Simple
Rent/SF $86.97	Increases 7.5%/5/yrs	Pop 5Mi 64,729
Lot/AC 1.74	Options 5/5yrs/7.5%	AHHI 5Mi $69,183

Edward Benton

Secure Net Lease

Contact

Lease Highlights

7-Eleven will be executing a brand new 15-year lease in February 2024 with 5 (5-year) options to extend
Lease features an increase of 7.5% every 5 years throughout the initial term & at beginning of each option period
Absolute NNN Lease | Zero Landlord Responsibilities
Corporate guarantee by Seven & I Holdings Co., Ltd
7-Eleven is an investment grade tenant (S&P: A)

Location Description

This newly constructed 7-Eleven sits on a 1.74-acre parcel and is equipped 40 parking spaces and 8 gasoline MPDs. The property lies on East McCarty Lane (15,048 VPD) at the intersection of Leah Avenue (1,289 VPD). It is adjacent to an Amazon Fulfillment Center, an 850,000+ square foot building that employs over 1,000 people and is the city's leading employer. The site is also just over 3 miles...

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Key Features

New construction
Signalized intersection
Build to suit
Highway location
Top 100 MSA
Income tax free state
Brand new lease
Absolute NNN
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia San Marcos, Texas Zip Code 78666 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven & I Holdings Co., Ltd
# Units:83,282
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	752	31,822	73,458
2023 Total Population :	549	24,692	64,256
2023 Employed Civilian Pop :	271	13,336	32,075
2023 Total Businesses :	172	1,198	2,492
2023 Average Household Income :	$ 50,784	$ 78,895	$ 70,351
2023 Total Consumer Spending :	$ 10 M	$ 715 M	$ 1496 M
2023 Median Age :	27	33	27
2023 Total Households :	242	10,360	24,188
2023 Pop Age 25+: Bachelor's Degree :	44	3,293	7,880
2023 Average Home Value :	$ 263,958	$ 304,216	$ 306,950

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
McCarty Lane	E McCarty Ln	2019	10,559	0.05 mi
FM 110	Leah Ave	2021	10,665	0.06 mi
McCarty Lane	Leah Ave	2020	8,408	0.06 mi
McCarty Ln	E McCarty Ln	2010	3,940	0.18 mi
McCarty Lane		2015	5,343	0.26 mi
McCarty Lane		2015	5,537	0.32 mi
McCarty Ln	I- 35 Frontage	2010	6,910	0.54 mi
West McCarty Lane	Hunter Rd	2015	8,507	0.61 mi
Clovis R. Barker Road	Civic Center Cir	2015	2,779	0.77 mi
Hays Co Civic Center Rd	Civic Center Cir	2010	1,520	0.78 mi

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