7-Eleven

12475 Highway 188th, Sinton, TX 78390

$9,330,000

Cap Rate 5.70%

Views: 35 DOM: 114 Updated: 04.26.24 Posted: 01.23.24 Status: Active

Summary

Price $9,330,000	Built/Renov 2024	Tenant 7-Eleven
Cap Rate 5.70%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,650	Lease Start 02-01-2024	#Units 83,282
Price/SF $2,006.45	Expiration 01-31-2039	Tenant Type Convenience/Gas
NOI $531,805	R. Term 14.8	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

Edward Benton

Secure Net Lease

Contact

Lease Highlights

Brand new 2024 construction
7-Eleven recently signed 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, 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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Key Features

New construction
Near major nationals
Highway location
Major MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Sinton, Texas Zip Code 78387 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 :	1,678	8,112	9,391
2023 Total Population :	1,679	8,070	9,319
2023 Employed Civilian Pop :	576	2,996	3,515
2023 Total Businesses :	79	256	277
2023 Average Household Income :	$ 61,698	$ 68,652	$ 70,938
2023 Total Consumer Spending :	$ 31 M	$ 171 M	$ 203 M
2023 Median Age :	35	37	37
2023 Total Households :	572	2,801	3,220
2023 Pop Age 25+: Bachelor's Degree :	55	251	368
2023 Average Home Value :	$ 118,060	$ 142,896	$ 149,803

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Sinton St	Co Rd 36	2010	3,600	0.11 mi
	Co Rd 41	2021	3,600	0.41 mi
US 77	Co Rd 36A	2021	17,101	0.51 mi
United States Highway 77	Hwy 77	2021	17,633	0.62 mi
West Sinton Street	S Chiltipin Ave	2020	4,596	0.71 mi
North San Patricio Avenue	W Sinton St	2021	3,181	0.76 mi
South San Patricio Avenue	Helm St	2021	6,969	0.76 mi
West Sinton Street	N San Patricio Ave	2020	6,639	0.78 mi
West Sinton Street	Magnolia	2021	9,167	0.78 mi
	W Main St	2021	2,912	0.85 mi

Listing Broker

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