7-Eleven

18 South General Bruce Drive, Temple, TX 76504

$8,661,000

Cap Rate 5.15%

Views: 41 DOM: 114 Updated: 04.26.24 Posted: 01.23.24 Status: Active

Summary

Price $8,661,000	Built/Renov 2023	Tenant 7-Eleven
Cap Rate 5.15%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,650	Lease Start 12-01-2023	#Units 83,282
Price/SF $1,862.58	Expiration 12-01-2038	Tenant Type Convenience/Gas
NOI $446,036	R. Term 14.6	Ownership Fee Simple
Rent/SF $95.92	Increases 7.5%/5/yrs	Pop 5Mi 82,084
Lot/AC 1.78	Options 5/5yrs/7.5%	AHHI 5Mi $80,667

Edward Benton

Secure Net Lease

Contact

Lease Highlights

Brand new 2023 construction
7-Eleven recently executed a 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 | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This large format 7-Eleven sits on a 1.78- acre parcel with 47 parking spaces and 7 gasoline MPDs. It is strategically located on South General Bruce Drive, fronting W. Adams Ave. (13,643+ VPD), and is directly off of I-35 which sees 45,736+ vehicles passing by daily. Additionally, the property is only 25 miles From Fort Cavazos, one of the largest U.S. Military bases for both land mass and...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Major MSA
Income tax free state
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Temple, Texas Zip Code 76504 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 :	7,866	50,995	90,757
2023 Total Population :	7,687	48,930	84,334
2023 Employed Civilian Pop :	2,979	20,119	35,526
2023 Total Businesses :	454	2,170	2,760
2023 Average Household Income :	$ 49,868	$ 62,448	$ 75,941
2023 Total Consumer Spending :	$ 141 M	$ 1160 M	$ 2253 M
2023 Median Age :	33	36	37
2023 Total Households :	3,203	21,168	34,028
2023 Pop Age 25+: Bachelor's Degree :	627	5,596	10,784
2023 Average Home Value :	$ 228,943	$ 213,313	$ 233,580

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Adams Ave	N General Bruce Dr	2011	10,443	0.07 mi
W Adams Ave	N 31st St	2011	31,000	0.20 mi
N 31st St	W Adams Ave	2002	15,500	0.21 mi
South 31st Street	W Central Ave	2020	11,593	0.21 mi
Church St	N General Bruce Dr	2010	150	0.24 mi
TX 53	N 29th St	2021	11,440	0.25 mi
West Adams Avenue	W Adams Ave	2021	11,741	0.26 mi
West Adams Avenue	N 29th St	2019	27,818	0.26 mi
S 41st St	W Ave D	2010	1,890	0.28 mi
S 31st St	W Ave C	2010	13,280	0.28 mi

Listing Broker

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