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7-Eleven (Stripes)

4202 S Staples St Corpus Christi, TX 78412, Corpus Christi, TX 78411

Listing Price: $3,273,000

Cap Rate
5.50%
Tenant Name
7-Eleven (Stripes)
Years Remaining On Lease
6.0
Gross SF
3,827
Guarantor
Corporate Guarantee
Rentable SF
3,827
Price/Gross SF
$855.24
Lease Type
Absolute Net
Rent Per Square Feet
$47.03

Investment Overview

Offered for sale is a 7-Eleven (Stripes) fuel and convenience store at 4202 S Staples St in Corpus Christi, Texas. The 3,827-square-foot building sits on 0.63 acres at the signalized hard corner of South Staples Street and Everhart Road, with combined traffic of nearly 48,400 vehicles per day. The lease is absolute net and corporately guaranteed, with roughly six years remaining, 10% escalations every five years, and two five-year renewal options.

Investment Highlights

  • Absolute Net Lease with Six Years Remaining | 14-Year Operating History
  • Signalized Hard-Corner Location at South Staples Street and Everhart Road (Combined 48,367 VPD)
  • Dense Retail Corridor Anchored by Moore Plaza and La Palmera Mall
  • Corporate Guarantee — Wholly-Owned Operation of 7-Eleven, Inc.
  • Dense Trade Area With 219,046 Residents and 197,734 Daytime Population (Five-Mile Radius)
  • Corpus Christi MSA | Home to the 3rd-Largest U.S. Port and NAS Corpus Christi
  • Corpus Christi Draws Nearly 10 Million Visitors Annually
  • Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)

Exclusively Listed By

Financing By

Listing Price: $3,273,000

Cap Rate
5.50%
Tenant Name
7-Eleven (Stripes)
Years Remaining On Lease
6.0
Gross SF
3,827
Guarantor
Corporate Guarantee
Rentable SF
3,827
Price/Gross SF
$855.24
Lease Type
Absolute Net
Rent Per Square Feet
$47.03

Investment Highlights

  • Absolute Net Lease with Six Years Remaining | 14-Year Operating History
  • Signalized Hard-Corner Location at South Staples Street and Everhart Road (Combined 48,367 VPD)
  • Dense Retail Corridor Anchored by Moore Plaza and La Palmera Mall
  • Corporate Guarantee — Wholly-Owned Operation of 7-Eleven, Inc.
  • Dense Trade Area With 219,046 Residents and 197,734 Daytime Population (Five-Mile Radius)
  • Corpus Christi MSA | Home to the 3rd-Largest U.S. Port and NAS Corpus Christi
  • Corpus Christi Draws Nearly 10 Million Visitors Annually
  • Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)

Investment Overview

Offered for sale is a 7-Eleven (Stripes) fuel and convenience store at 4202 S Staples St in Corpus Christi, Texas. The 3,827-square-foot building sits on 0.63 acres at the signalized hard corner of South Staples Street and Everhart Road, with combined traffic of nearly 48,400 vehicles per day. The lease is absolute net and corporately guaranteed, with roughly six years remaining, 10% escalations every five years, and two five-year renewal options.

Exclusively Listed By

Financing By

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