loader
Join Free
Views: 214 DOM: 333 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 13.11
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...

...

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...


...

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

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity