7-Eleven

564 State Highway 21, Caldwell, TX 77836

$8,271,000

Cap Rate 5.25%

Views: 62 DOM: 86 Updated: 10.25.24 Posted: 10.05.24 Status: Active

Summary

Price $8,271,000	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 01-25-2023	#Units 83,282
Price/SF $1,778.71	Expiration 01-31-2038	Tenant Type Convenience/Gas
NOI $434,209	R. Term 13.1	Ownership Fee Simple
Rent/SF $93.38	Increases 7.5%/5/yrs	Pop 5Mi 5,724
Lot/AC 2.87	Options 5/5yrs/7.5%	AHHI 5Mi $103,777

Lease Highlights

Brand new 2024 construction
New 15-year lease with 5 (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 East Highway 21 and State Highway 36, two major highways with access to a combined daily traffic count of 30,400 vehicles. This large-format 7-Eleven occupies a spacious 2.87-acre parcel and features a Laredo Taco, a diesel fuel terminal, 41 parking spaces, and 8 MPDs. The immediate area is home to prominent...

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Key Features

New construction
Signalized intersection
Highway location
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Accelerated depreciation
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Caldwell, Texas Zip Code 77836 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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Listing Broker

Edward Benton

Secure Net Lease

Contact

36 Listings
4695 Views
9 Sold

Bob Moorhead

Secure Net Lease

Contact

85 Listings
10027 Views
34 Sold

Edward Benton

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

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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