| Price $7,621,280 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,946
| Lease Start
12-01-2023
| #Units
83,282
|
| Price/SF $1,540.90 | Expiration
11-30-2038
| Tenant Type Convenience/Gas |
| NOI $381,064 | R. Term 14.6 | Ownership Fee Simple |
| Rent/SF
$77.04
| Increases 7.5%/4/yrs | Pop 5Mi 142,155 |
| Lot/AC 2.76 | Options 5/5yrs/7.5% | AHHI 5Mi $75,401 |
| | |
7-Eleven is strategically located at the signalized, hard corner intersection of Highway 59 and Rankin Road, with access to a combined daily traffic count of 23,273 vehicles. This prime location is one exit south of the main entrance into the George Bush Intercontinental Airport, the second busiest airport in Texas. The property features twelve fueling positions under canopy, catering to both...
...New construction
Near major nationals
Freeway visibility
Dense 100M+ pop 5 mi
Income tax free state
Brand new lease
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,929 | 57,802 | 149,008 |
| 2023 Total Population : | 4,883 | 57,033 | 144,964 |
| 2023 Employed Civilian Pop : | 2,280 | 26,343 | 67,578 |
| 2023 Total Businesses : | 99 | 2,642 | 5,289 |
| 2023 Average Household Income : | $ 91,386 | $ 80,732 | $ 86,463 |
| 2023 Total Consumer Spending : | $ 130 M | $ 1367 M | $ 3486 M |
| 2023 Median Age : | 34 | 31 | 32 |
| 2023 Total Households : | 1,634 | 19,368 | 46,401 |
| 2023 Pop Age 25+: Bachelor's Degree : | 352 | 4,735 | 13,837 |
| 2023 Average Home Value : | $ 211,047 | $ 254,765 | $ 248,228 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Rankin Rd | Kingfisher Dr | 2006 | 6,970 | 0.21 mi |
| Rankin Rd | Eastex FwyServ Dr | 2011 | 3,020 | 0.25 mi |
| Eastex Freeway Frontage Road | Hawes Rd | 2022 | 12,560 | 0.45 mi |
| Hawes Rd | 2021 | 10,671 | 0.48 mi | |
| Hawes Rd | 2022 | 3,207 | 0.48 mi | |
| Eastex Freeway | Green Manor Dr | 2020 | 197,353 | 0.50 mi |
| I 69;US 59 | Hawes Rd | 2022 | 198,386 | 0.50 mi |
| Hwy 59 Hov | 2010 | 164,000 | 0.56 mi | |
| Rankin Rd | Cardinal Ln | 2011 | 3,270 | 0.75 mi |
| Green Manor Dr | Greens Rd | 2011 | 1,290 | 1.05 mi |
Franklin, NH
Cap Rate 4.85%
Lease Abs NNN
R. Term 19.80 yrs
Size/SF 4,350
Glenarden, MD
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 4,000
Palatine, IL
Cap Rate 4.50%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 5,938
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
