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7-Eleven (Stripes)
1520 S Ware Rd, McAllen, TX 78501
Listing Price: $6,284,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Stripes in McAllen, Texas. The property consists of a 4,754-square-foot, freestanding building that sits on approximately 1.42 acres of land. The tenant signed a new 15-year lease, with 7.5 percent rental escalations scheduled every five years, as well as each option thereafter.
7-Eleven (Stripes)
Investment Highlights
- New 15-Year Absolute Net Lease with a Corporate Guarantee (7-Eleven, Inc.)
- Next to the 174,000-SF McAllen Convention Center, which Attracts Approximately 400,000 Visitors Annually
- Signalized Hard Corner Location on Interstate Highway 2 and South Ware Road; Combined Traffic Counts Exceed 187,000 Vehicles Per Day
- Features a Laredo Taco Company Restaurant Inside the Store
- More than 198,421 Residents within a Five-Mile Radius
- Large 1.42 Acre Highway Site in a Busy Retail Corridor
- New Construction in the Immediate Area includes Palm Crossing Phase II, a 30,000-SF Retail Strip; The Grove, a 7-Acre Mixed-Use Urban Development; and a 140-Room Aloft Hotel
Exclusively Listed By
Financing By
Listing Price: $6,284,000
Investment Highlights
- New 15-Year Absolute Net Lease with a Corporate Guarantee (7-Eleven, Inc.)
- Next to the 174,000-SF McAllen Convention Center, which Attracts Approximately 400,000 Visitors Annually
- Signalized Hard Corner Location on Interstate Highway 2 and South Ware Road; Combined Traffic Counts Exceed 187,000 Vehicles Per Day
- Features a Laredo Taco Company Restaurant Inside the Store
- More than 198,421 Residents within a Five-Mile Radius
- Large 1.42 Acre Highway Site in a Busy Retail Corridor
- New Construction in the Immediate Area includes Palm Crossing Phase II, a 30,000-SF Retail Strip; The Grove, a 7-Acre Mixed-Use Urban Development; and a 140-Room Aloft Hotel
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Stripes in McAllen, Texas. The property consists of a 4,754-square-foot, freestanding building that sits on approximately 1.42 acres of land. The tenant signed a new 15-year lease, with 7.5 percent rental escalations scheduled every five years, as well as each option thereafter.
Exclusively Listed By
Financing By
