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| Price $6,540,000 | Built/Renov 2023 | Tenant 7-Eleven |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,191
| Lease Start
11-01-2023
| #Units
83,282
|
| Price/SF $1,560.49 | Expiration
10-31-2038
| Tenant Type Convenience/Gas |
| NOI $327,022 | R. Term 13.10 | Ownership Fee Simple |
| Rent/SF
$78.03
| Increases 10.0%/4/yrs | Pop 5Mi 328,424 |
| Lot/AC 0.85 | Options 4/5yrs/10% | AHHI 5Mi $111,628 |
| | |
7-Eleven is strategically located at the signalized, hard corner intersection of Manor Road and E 51st Street, with access to a combined daily traffic count of 25,900 vehicles. The property is adjacent to the Mueller Tower District, part of the 700-acre Mueller community, which is a redevelopment of the former Robert Mueller Municipal Airport and just three miles from downtown Austin. The...
...New construction
Signalized intersection
Dense retail corridor
Near major nationals
Central metro location
Top 100 MSA
Income tax free state
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 | |
| 2029 Total Population : | 16,561 | 133,491 | 353,931 |
| 2024 Total Population : | 15,523 | 124,739 | 335,444 |
| 2024 Employed Civilian Pop : | 9,638 | 76,112 | 200,284 |
| 2024 Total Businesses : | 364 | 5,159 | 21,968 |
| 2024 Average Household Income : | $ 155,377 | $ 122,707 | $ 127,847 |
| 2024 Total Consumer Spending : | $ 877 M | $ 5973 M | $ 16544 M |
| 2024 Median Age : | 36 | 33 | 32 |
| 2024 Total Households : | 6,528 | 55,404 | 147,158 |
| 2024 Pop Age 25+: Bachelor's Degree : | 4,015 | 31,390 | 80,467 |
| 2024 Average Home Value : | $ 681,252 | $ 668,555 | $ 739,916 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| E 51st St | Cottonwood Cir | 2010 | 9,060 | 0.03 mi |
| East 51st Street | Cottonwood Cir | 2015 | 10,370 | 0.03 mi |
| East 51st Street | Old Manor Rd | 2015 | 9,754 | 0.04 mi |
| Manor Rd | 51st St E | 2010 | 8,052 | 0.06 mi |
| Manor Rd | Manor Cir | 2005 | 7,980 | 0.08 mi |
| 51st St E | Old Manor Rd | 2010 | 9,290 | 0.11 mi |
| Old Manor Rd | 51st St E | 2010 | 3,940 | 0.12 mi |
| Old Manor Road | 51st St E | 2015 | 4,333 | 0.12 mi |
| Manor Rd | Wellington Dr | 2010 | 12,260 | 0.18 mi |
| Manor Road | Wellington Dr | 2015 | 12,033 | 0.19 mi |
Glenarden, MD
Cap Rate 4.25%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 4,000
Visalia, CA
Cap Rate 6.00%
Lease Abs NNN
R. Term 16.10 yrs
Size/SF 3,204
Orangeburg, SC
Cap Rate 5.50%
Lease Abs NNN
R. Term 13.50 yrs
Size/SF 4,050
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
