7-Eleven

14680 State Highway 31 West, Brownsboro, TX 75756

$4,090,909

Cap Rate 5.50%

Views: 143 DOM: 357 Updated: 11.02.24 Posted: 11.30.23 Status: Active

Summary

Price $4,090,909	Built/Renov 1999	Tenant 7-Eleven
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,085	Lease Start 06-15-2020	#Units 83,282
Price/SF $1,001.45	Expiration 06-30-2035	Tenant Type Convenience/Gas
NOI $225,000	R. Term 10.7	Ownership Fee Simple
Rent/SF $55.08	Increases 7.5%/2/yrs	Pop 5Mi 63,601
Lot/AC 1.11	Options 3/5yrs/7.5%	AHHI 5Mi $78,036

Randy Blankstein

The Boulder Group (HQ)

Contact

Lease Highlights

7-Eleven has 10+ years remaining on the current lease term with 3 (5-year) options to extend
Lease features 7.5% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically situated at the signalized, hard corner intersection of Highway 31 West and Farm to Market 314 North, experiencing a traffic flow of 16,039 vehicles per day. The property boasts a 4,400 square foot freestanding fuel canopy housing 12 fuel dispensers. Notable national retailers in the vicinity include Sonic and Dollar General. Moreover, the site is in close proximity...

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Key Features

Signalized intersection
Strategically located
Highway location
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Brownsboro, Texas Zip Code 75756 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 :	1,094	3,524	6,177
2023 Total Population :	1,028	3,314	5,821
2023 Employed Civilian Pop :	570	1,639	2,757
2023 Total Businesses :	52	79	120
2023 Average Household Income :	$ 97,224	$ 86,620	$ 87,414
2023 Total Consumer Spending :	$ 34 M	$ 98 M	$ 175 M
2023 Median Age :	39	41	42
2023 Total Households :	398	1,290	2,269
2023 Pop Age 25+: Bachelor's Degree :	75	271	514
2023 Average Home Value :	$ 383,918	$ 304,695	$ 274,685

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Highway 31 East	Mulberry St	2021	16,039	0.14 mi
FM 314	Castleberry St	2021	1,785	0.16 mi
Stuart St	Saylors St	2013	881	0.32 mi
	McKnight St	2021	866	0.75 mi
Saylors St	Horton	2013	864	0.83 mi
Farm-to-Market Road 314	Co Rd 3300	2021	1,978	0.89 mi
Stuart St	Pine Oak	2013	198	0.94 mi
FM 314	Co Rd 3418	2020	1,513	0.96 mi
Co Rd 3600	Ingram St	2013	204	1.26 mi
FM 607	Co Rd 3604	2021	1,634	1.43 mi

Listing Broker

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