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Auto Service - Gas-Conv

7-Eleven | Brand New 15-Year Lease | Visibility to 97K Cars Per Day

1610 S F St, Harlingen, TX 78550

Listing Price: $5,964,900

Cap Rate
5.00%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
14.5
Gross SF
4,842
Guarantor
Corporate Guarantee
Rentable SF
4,842
Price/Gross SF
$1,231.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.60

Investment Overview

7-Eleven Inc. is a Japanese-American international chain of convenience stores, headquartered in Dallas, Texas. 7-Eleven operates, franchises, and/or licenses more than 14,000 stores in the U.S. and Canada and 78,000 stores worldwide under the brands 7-Eleven, Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits.

Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc.
  • 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2023 Construction on Large 2.64-Acre Lot with Eight Fueling Stations
  • Optimization of Successful Smaller Store Nearby
  • Property Qualifies for 100 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • 99,618 Residents within a Five-Mile Radius - Households and Population Projected to Increase Approximately Four Percent in the Surrounding Area by 2028
  • Excellent Frontage Along U.S. Highway 83 / Interstate 69E (Over 85,500 Cars per Day)
  • One Mile from Harlingen's Primary Retail Corridor, Anchored by Valle Vista Mall

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Auto Service - Gas-Conv

7-Eleven | Brand New 15-Year Lease | Visibility to 97K Cars Per Day

Listing Price: $5,964,900

Cap Rate
5.00%
Tenant Name
7-Eleven, Inc.
Years Remaining On Lease
14.5
Gross SF
4,842
Guarantor
Corporate Guarantee
Rentable SF
4,842
Price/Gross SF
$1,231.91
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$61.60

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc.
  • 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2023 Construction on Large 2.64-Acre Lot with Eight Fueling Stations
  • Optimization of Successful Smaller Store Nearby
  • Property Qualifies for 100 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation per IRS 1250 Property Designation
  • 99,618 Residents within a Five-Mile Radius - Households and Population Projected to Increase Approximately Four Percent in the Surrounding Area by 2028
  • Excellent Frontage Along U.S. Highway 83 / Interstate 69E (Over 85,500 Cars per Day)
  • One Mile from Harlingen's Primary Retail Corridor, Anchored by Valle Vista Mall

Investment Overview

7-Eleven Inc. is a Japanese-American international chain of convenience stores, headquartered in Dallas, Texas. 7-Eleven operates, franchises, and/or licenses more than 14,000 stores in the U.S. and Canada and 78,000 stores worldwide under the brands 7-Eleven, Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken and Biscuits. Harlingen is a principal city of the Brownsville–Harlingen metropolitan area, and is located in Cameron County in the central region of the Rio Grande Valley of the southern part of the U.S. state of Texas, about 30 miles (48 km) from the coast of the Gulf of Mexico.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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