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DOM: 205 Updated: 10.25.24 Posted: 10.05.24 Status: Active

Summary

Price $7,542,000
Built/Renov 2024
Tenant 7-Eleven
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,650
Lease Start 10-01-2024
#Units 83,282
Price/SF $1,621.94
Expiration 10-31-2039
Tenant Type Convenience/Gas
NOI $395,920
R. Term 14.6
Ownership Fee Simple
Rent/SF $85.14
Increases 7.5%/5/yrs
Pop 5Mi 210,777
Lot/AC 1.52
Options 4/5yrs/7.5%
AHHI 5Mi $92,117

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized hard corner intersection of S Alameda Street and Everhart Road, with access to a combined daily traffic count of 33,500 vehicles. This large-format 7-Eleven sits on a 1.522-acre parcel and features a Laredo Taco restaurant concept, along with 40 parking spaces and 8 MPDs. The property is conveniently situated across from an H-E-B and just...

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  • 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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Edward Benton

Secure Net Lease

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  • 36 Listings
  • 7407 Views
  • 10 Sold
Bob Moorhead

Secure Net Lease

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  • 85 Listings
  • 15857 Views
  • 38 Sold

With over 13 years of commercial real estate experience and a diverse investment sales background, Ed Benton advises clients in the acquisition and disposition of multi-tenant and single tenant investment properties nationwide. Ed started his career with Marcus & Millichap in 2006 and worked at a boutique retail development and brokerage company before joining Secure Net Lease in August of 2019. Ed’s wide breadth of experience working with developers and restaurant operators as well as p

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Bob Moorhead is a founding partner of Secure Net Lease and brings over 20 years of commercial real estate experience to the executive team. Prior to Secure Net Lease, Bob was the Managing Director of EXP Realty Advisors (formerly Kimco Exchange Place) Dallas, Texas office. While at EXP, Bob was a top producer and responsible for establishing the Dallas office, building the team and platform. Since 2011, Bob has been involved in over 600 transactions with a value exceeding $1.5 billion.

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