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Auto Service - Gas-Conv

Brand New 7-Eleven w/ Gas | South Texas - International Border | 15 Yr Absolute NNN Lease

10801 International Blvd, Laredo (South Texas), TX 78045

Listing Price: $8,071,349

Cap Rate
4.30%
Tenant Name
7-Eleven
Years Remaining On Lease
15.4
Gross SF
4,778
Guarantor
Corporate Guarantee
Rentable SF
4,778
Price/Gross SF
$1,689.27
Lease Type
Absolute Net
Rent Per Square Feet
$72.64

Investment Overview

Laredo is a city in and the county seat of Webb County, Texas, on the north bank of the Rio Grande in South Texas, across from Nuevo Laredo, Tamaulipas, Mexico. The City's economy is based on international trade with Mexico. Many major transportation companies have a facility in Laredo. The city is on the southern end of I-35, which makes it close to the manufacturers in northern Mexico. It has four international bridges and one railway bridge. According to the 2010 census, the city population was 236,091, making it the 10th-most populous city in Texas and third-most populated U.S. city on the Mexican border, after San Diego, California, and El Paso, Texas. Its metropolitan area is the 178th-largest in the U.S. and includes all of Webb County, with a population of 250,304. Laredo is also part of the cross-border Laredo–Nuevo Laredo Metropolitan Area with an estimated population of 636,516. Texas A&M International University and Laredo College are in Laredo. Laredo International Airport is within the Laredo city limits, while the Quetzalcoatl International Airport is nearby in Nuevo Laredo on the Mexican side. The biggest festival, Washington's Birthday Celebration, is held during the later part of January and the majority of February, attracting hundreds of thousands of tourists.

Investment Highlights

  • 15 Year Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years Throughout Initial Term and Options. Brand New High Quality Construction w/ Tenant's New Prototype Feat. Gas and Laredo Taco.
  • Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location.
  • Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 37k+ Vehicles. Immediate access to I-35, Loop 20 and World Trade Bridge.
  • Strong Tenant - The Company is Ranked #188 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $54.44 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • The Site benefits from nearby Major Employers including the Laredo Medical Center, Doctors Hospital, the City of Laredo and Convergys. Across from Walmart Supercenter and Independence Plaza - a Power Center Anchored by Numerous National Retailers including H-E-B plus!, Hobby Lobby, Ross, TJ Maxx, Petco and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $119k within a 3-Mile Radius and over 93k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • In Close Proximity to Eastpoint Industrial Park, a Major Office, Industrial and Light Manufacturing Park & United High School Main Campus, with a current Enrollment of more than 4k Students. Texas A&M International University - part of the Texas A&M University System and home to over 8500 students each academic semester.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Auto Service - Gas-Conv

Brand New 7-Eleven w/ Gas | South Texas - International Border | 15 Yr Absolute NNN Lease

Listing Price: $8,071,349

Cap Rate
4.30%
Tenant Name
7-Eleven
Years Remaining On Lease
15.4
Gross SF
4,778
Guarantor
Corporate Guarantee
Rentable SF
4,778
Price/Gross SF
$1,689.27
Lease Type
Absolute Net
Rent Per Square Feet
$72.64

Investment Highlights

  • 15 Year Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years Throughout Initial Term and Options. Brand New High Quality Construction w/ Tenant's New Prototype Feat. Gas and Laredo Taco.
  • Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location.
  • Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 37k+ Vehicles. Immediate access to I-35, Loop 20 and World Trade Bridge.
  • Strong Tenant - The Company is Ranked #188 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $54.44 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • The Site benefits from nearby Major Employers including the Laredo Medical Center, Doctors Hospital, the City of Laredo and Convergys. Across from Walmart Supercenter and Independence Plaza - a Power Center Anchored by Numerous National Retailers including H-E-B plus!, Hobby Lobby, Ross, TJ Maxx, Petco and many more.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $119k within a 3-Mile Radius and over 93k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • In Close Proximity to Eastpoint Industrial Park, a Major Office, Industrial and Light Manufacturing Park & United High School Main Campus, with a current Enrollment of more than 4k Students. Texas A&M International University - part of the Texas A&M University System and home to over 8500 students each academic semester.

Investment Overview

Laredo is a city in and the county seat of Webb County, Texas, on the north bank of the Rio Grande in South Texas, across from Nuevo Laredo, Tamaulipas, Mexico. The City's economy is based on international trade with Mexico. Many major transportation companies have a facility in Laredo. The city is on the southern end of I-35, which makes it close to the manufacturers in northern Mexico. It has four international bridges and one railway bridge. According to the 2010 census, the city population was 236,091, making it the 10th-most populous city in Texas and third-most populated U.S. city on the Mexican border, after San Diego, California, and El Paso, Texas. Its metropolitan area is the 178th-largest in the U.S. and includes all of Webb County, with a population of 250,304. Laredo is also part of the cross-border Laredo–Nuevo Laredo Metropolitan Area with an estimated population of 636,516. Texas A&M International University and Laredo College are in Laredo. Laredo International Airport is within the Laredo city limits, while the Quetzalcoatl International Airport is nearby in Nuevo Laredo on the Mexican side. The biggest festival, Washington's Birthday Celebration, is held during the later part of January and the majority of February, attracting hundreds of thousands of tourists.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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