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Views: 200 DOM: 296 Updated: 10.25.24 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 14.0
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

Lease Highlights

  • Brand new 2023 construction
  • 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 option periods
  • Absolute NNN lease | 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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Maps

  • 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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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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