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Stripes Convenience Store

2731 Southwest Pkwy, Wichita Falls, TX 76308

Listing Price: $1,695,770

Cap Rate
5.65%
Tenant Name
Stripes LLC/ 7-Eleven Inc.
Years Remaining On Lease
5.6
Gross SF
1,404
Guarantor
Corporate Guarantee
Rentable SF
1,404
Price/Gross SF
$1,207.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.24

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net leased Stripes in Wichita Falls, Texas. The property consists of a 1,404-square foot building that sits on approximately 0.30 acres of land. There are approximately 6 years remaining on the current lease term, with 2.5 percent annual rental escalations during the main term, as well as 20 percent rental escalations in the first year of an option. The property is located at the signalized hard corner of Southwest Parkway and Kemp Boulevard, where combined traffic counts exceed 29,496 vehicles per day.

Investment Highlights

  • NNN Investment
  • Corporate Guarantee
  • 2.5% Annual Rent Increases
  • 20% Rent Increase at the First Year of Option

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Stripes Convenience Store

Listing Price: $1,695,770

Cap Rate
5.65%
Tenant Name
Stripes LLC/ 7-Eleven Inc.
Years Remaining On Lease
5.6
Gross SF
1,404
Guarantor
Corporate Guarantee
Rentable SF
1,404
Price/Gross SF
$1,207.81
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.24

Investment Highlights

  • NNN Investment
  • Corporate Guarantee
  • 2.5% Annual Rent Increases
  • 20% Rent Increase at the First Year of Option

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net leased Stripes in Wichita Falls, Texas. The property consists of a 1,404-square foot building that sits on approximately 0.30 acres of land. There are approximately 6 years remaining on the current lease term, with 2.5 percent annual rental escalations during the main term, as well as 20 percent rental escalations in the first year of an option. The property is located at the signalized hard corner of Southwest Parkway and Kemp Boulevard, where combined traffic counts exceed 29,496 vehicles per day.

Exclusively Listed By

Financing By

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