Auto Service - Gas-Conv
7-Eleven w/ Gas Station | Texas | Rare 18 Yr Absolute Net Lease | Hard Corner | Near Medical Center
2108 Houston Hwy, Victoria, TX 77901
Listing Price: $6,409,524
Investment Overview
Victoria is a city in South Texas and county seat of Victoria County, Texas. The population was 65,534 as of the 2020 census. The three counties of the Victoria Metropolitan Statistical Area had a population of 111,163 as of the 2000 census. Victoria is located 30 miles inland from the Gulf of Mexico. Victoria is a two-hour drive from Corpus Christi, Houston, San Antonio, and Austin. Victoria’s economy is a mix of education, health, retail, agriculture, and industry. Its access to major highways, the Victoria Regional Airport, railway terminals, the shallow draft Port of Victoria, and the deep water Port of Port Lavaca-Point Comfort help to sustain a healthy environment for business. Major industrial employers in the region include Formosa Plastics Corp, Inteplast Group, Dow, Invista, Caterpillar and Alcoa.
7-Eleven w/ Gas Station | Texas | Rare 18 Yr Absolute Net Lease | Hard Corner | Near Medical Center
Investment Highlights
- Rare 18 Year Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years (and Years 16-18) and at Each Option. Brand New 2024 Construction Featuring a Gas Station and Laredo Taco.
- Only 18 Year Initial Lease Term on Market. Positioned Along Area's Retail and Traffic Corridor - Signalized Hard Corner - Easy Access, Excellent Visibility & frontage with three Points of Access.
- Walking Distance from Citizens Medical Center - an Independent Community-Based Hospital and Medical Center with more than 317-Beds and over 1,200 Employees, serving South Texas and more.
- Down the Street from Victoria College - a Public Community College serving Approximately 6,200 Students each Year through Education & Training w/ more than 20 Student Clubs and Organizations.
- A Short Walk from University of Houston Victoria - a 20-Acre Public University and part of part of the University of Houston System. It has an Enrollment of more than 4,300 Students.
- Minutes from Victoria Regional Airport - mostly used for Military and General Aviation, but also Served by Commercial Airlines with more than 57k Aircraft Operations Annually.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Lease features Rare Fuel Sales Reporting Clause for Bonus Depreciation.
- Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $73.15 Billion.
Auto Service - Gas-Conv
7-Eleven w/ Gas Station | Texas | Rare 18 Yr Absolute Net Lease | Hard Corner | Near Medical Center
Listing Price: $6,409,524
Investment Highlights
- Rare 18 Year Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years (and Years 16-18) and at Each Option. Brand New 2024 Construction Featuring a Gas Station and Laredo Taco.
- Only 18 Year Initial Lease Term on Market. Positioned Along Area's Retail and Traffic Corridor - Signalized Hard Corner - Easy Access, Excellent Visibility & frontage with three Points of Access.
- Walking Distance from Citizens Medical Center - an Independent Community-Based Hospital and Medical Center with more than 317-Beds and over 1,200 Employees, serving South Texas and more.
- Down the Street from Victoria College - a Public Community College serving Approximately 6,200 Students each Year through Education & Training w/ more than 20 Student Clubs and Organizations.
- A Short Walk from University of Houston Victoria - a 20-Acre Public University and part of part of the University of Houston System. It has an Enrollment of more than 4,300 Students.
- Minutes from Victoria Regional Airport - mostly used for Military and General Aviation, but also Served by Commercial Airlines with more than 57k Aircraft Operations Annually.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Lease features Rare Fuel Sales Reporting Clause for Bonus Depreciation.
- Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $73.15 Billion.
Investment Overview
Victoria is a city in South Texas and county seat of Victoria County, Texas. The population was 65,534 as of the 2020 census. The three counties of the Victoria Metropolitan Statistical Area had a population of 111,163 as of the 2000 census. Victoria is located 30 miles inland from the Gulf of Mexico. Victoria is a two-hour drive from Corpus Christi, Houston, San Antonio, and Austin. Victoria’s economy is a mix of education, health, retail, agriculture, and industry. Its access to major highways, the Victoria Regional Airport, railway terminals, the shallow draft Port of Victoria, and the deep water Port of Port Lavaca-Point Comfort help to sustain a healthy environment for business. Major industrial employers in the region include Formosa Plastics Corp, Inteplast Group, Dow, Invista, Caterpillar and Alcoa.
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