Auto Service - Gas-Conv
7-Eleven (Stripes) | Trophy Location | Directly Across 326+ Bed Hospital
2441 San Isidro Pkwy, Laredo, TX 78045
Listing Price: $6,021,915
Investment Overview
Marcus & Millichap is pleased to present for sale this Fee Simple Absolute Net Leased 7-Eleven located at 2441 San Isidro Parkway in Laredo, Texas. The subject property consists of a free-standing building comprised of a 4,830sq.ft. Convenient Store, a single row canopy with six fueling stations and twelve pumps, a Car Wash, and ample parking while situated on a large 1.15-acre parcel of land. Strategically located on the Hard-Signalized Intersection of McPherson Rd and San Isidro Parkway, the property benefits from its high visibility to more than 17,100 vehicles per day. The property is also conveniently located just of the exit from Interstate 69W which sees daily vehicle counts in excess of 48,603. Located across the street from the 7-Eleven is the Laredo Regional Medical Center, a 326+ bed hospital with more than 49 specialties and subspecialties, including cardiology, oncology, neurology, obstetrics, orthopedics, urology, wound care, emergency medicine and bariatrics. This site benefits from its location within an affluent market with average household incomes exceeding $108,000, $111,000, and $97,000 in the 1, 3 and 5-mile radiuses respectively. The immediate trade area is home to numerous, large, industrial parks and distribution centers such as the International Trade Center, InterAmerica Distribution Park, Killam Industrial Park, and the Milo Distribution Center. Additionally, this very strong retail corridor is also home to a plethora of National and Regional retailers including but not limited to TJ Maxx, Ross, H-E-B, Starbucks, T-Mobile, Chick-Fil-A, Advance Auto Parts, Chili’s, Petco, Jack in the Box, and numerous others. The absolute NNN lease is backed by 7-Eleven Corporate with an S&P Rating: AA- and has over 6+ years of initial term remaining with 5 Five-year options to extend. 7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with approximately 68,000 stores in 18 countries. In the 10,500 stores in North America, 7-Eleven offers over 2,500 different products and services.
7-Eleven (Stripes) | Trophy Location | Directly Across 326+ Bed Hospital
Investment Highlights
- Corporate Guarantee 7-Eleven | 68,000+ Locations and S&P Credit Rating: AA-
- No Landlord Responsibilities | Absolute NNN Lease
- Hard Signalized Intersection | Traffics Counts Exceed 17,100 Vehicles per Day
- Excellent Access & Visibility
- Just of the Exit from Interstate 69W with Daily Traffic Counts Exceeding 48,603
- Fee Simple Allowing for Depreciation - Qualified for Accelerated Depreciation
Auto Service - Gas-Conv
7-Eleven (Stripes) | Trophy Location | Directly Across 326+ Bed Hospital
Listing Price: $6,021,915
Investment Highlights
- Corporate Guarantee 7-Eleven | 68,000+ Locations and S&P Credit Rating: AA-
- No Landlord Responsibilities | Absolute NNN Lease
- Hard Signalized Intersection | Traffics Counts Exceed 17,100 Vehicles per Day
- Excellent Access & Visibility
- Just of the Exit from Interstate 69W with Daily Traffic Counts Exceeding 48,603
- Fee Simple Allowing for Depreciation - Qualified for Accelerated Depreciation
Investment Overview
Marcus & Millichap is pleased to present for sale this Fee Simple Absolute Net Leased 7-Eleven located at 2441 San Isidro Parkway in Laredo, Texas. The subject property consists of a free-standing building comprised of a 4,830sq.ft. Convenient Store, a single row canopy with six fueling stations and twelve pumps, a Car Wash, and ample parking while situated on a large 1.15-acre parcel of land. Strategically located on the Hard-Signalized Intersection of McPherson Rd and San Isidro Parkway, the property benefits from its high visibility to more than 17,100 vehicles per day. The property is also conveniently located just of the exit from Interstate 69W which sees daily vehicle counts in excess of 48,603. Located across the street from the 7-Eleven is the Laredo Regional Medical Center, a 326+ bed hospital with more than 49 specialties and subspecialties, including cardiology, oncology, neurology, obstetrics, orthopedics, urology, wound care, emergency medicine and bariatrics. This site benefits from its location within an affluent market with average household incomes exceeding $108,000, $111,000, and $97,000 in the 1, 3 and 5-mile radiuses respectively. The immediate trade area is home to numerous, large, industrial parks and distribution centers such as the International Trade Center, InterAmerica Distribution Park, Killam Industrial Park, and the Milo Distribution Center. Additionally, this very strong retail corridor is also home to a plethora of National and Regional retailers including but not limited to TJ Maxx, Ross, H-E-B, Starbucks, T-Mobile, Chick-Fil-A, Advance Auto Parts, Chili’s, Petco, Jack in the Box, and numerous others. The absolute NNN lease is backed by 7-Eleven Corporate with an S&P Rating: AA- and has over 6+ years of initial term remaining with 5 Five-year options to extend. 7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with approximately 68,000 stores in 18 countries. In the 10,500 stores in North America, 7-Eleven offers over 2,500 different products and services.
