995 Lomaland Dr, El Paso, TX 79907
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease 7-Eleven in El Paso, Texas. The property consists of a 2,980-square foot, freestanding building that sits on approximately 0.51 acres of land. There are approximately 5.1 years remaining on the current lease term, with a rental escalation scheduled in the next option. 7-Eleven recently signed an early lease extension in 2020, showing their commitment to the site. The property is located at the signalized hard corner of Lomaland Drive and Yermoland Drive, where combined traffic counts exceed 16,172 vehicles per day. The area is extremely dense with more than 271,696 residents within a five-mile radius. Surrounding retailers in the immediate area include Walmart Neighborhood Market, The Home Depot, AMC Theatre, Harley Davidson, Walgreens, Little Caesar’s Pizza, McDonald’s, Whataburger and many more. 7-Eleven is operated by Alon USA, the largest 7-Eleven licensee in the U.S. The company operates more than 800 gas stations and convenience stores throughout East and West Texas, New Mexico, Oklahoma, Arizona, Louisiana, Arkansas and Colorado. Delek US Holdings purchased Alon USA in 2017, creating a combined enterprise value of approximately $2.8 billion at the time of the sale.
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease 7-Eleven in El Paso, Texas. The property consists of a 2,980-square foot, freestanding building that sits on approximately 0.51 acres of land. There are approximately 5.1 years remaining on the current lease term, with a rental escalation scheduled in the next option. 7-Eleven recently signed an early lease extension in 2020, showing their commitment to the site. The property is located at the signalized hard corner of Lomaland Drive and Yermoland Drive, where combined traffic counts exceed 16,172 vehicles per day. The area is extremely dense with more than 271,696 residents within a five-mile radius. Surrounding retailers in the immediate area include Walmart Neighborhood Market, The Home Depot, AMC Theatre, Harley Davidson, Walgreens, Little Caesar’s Pizza, McDonald’s, Whataburger and many more. 7-Eleven is operated by Alon USA, the largest 7-Eleven licensee in the U.S. The company operates more than 800 gas stations and convenience stores throughout East and West Texas, New Mexico, Oklahoma, Arizona, Louisiana, Arkansas and Colorado. Delek US Holdings purchased Alon USA in 2017, creating a combined enterprise value of approximately $2.8 billion at the time of the sale.
