Auto Service - Gas-Conv

7-Eleven

995 Lomaland Dr, El Paso, TX 79907

Listing Price: $768,000

Cap Rate
6.25%
Tenant Name
7-Eleven
Years Remaining On Lease
4.8
Gross SF
2,980
Guarantor
Corporate Guarantee
Rentable SF
2,980
Price/Gross SF
$257.72
Lease Type
Absolute Net
Rent Per Square Feet
$16.11

Investment Overview

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.

Investment Highlights

  • 7-Eleven Recently Signed an Early Lease Extension in 2020
  • Absolute Net Lease - Low Price-Point With Below Market Rent
  • 8-Miles From the Bridge of the America's, El Paso's Highest Volume Border Crossing (More Than 26.3 Million Border Crossings in 2019)
  • Signalized Hard Corner Location on Lomaland Drive With Strong Traffic Counts
  • More Than 271,696 Residents Within a Five-Mile Radius

Exclusively Listed By

Financing By

Listing Price: $768,000

Cap Rate
6.25%
Tenant Name
7-Eleven
Years Remaining On Lease
4.8
Gross SF
2,980
Guarantor
Corporate Guarantee
Rentable SF
2,980
Price/Gross SF
$257.72
Lease Type
Absolute Net
Rent Per Square Feet
$16.11

Investment Highlights

  • 7-Eleven Recently Signed an Early Lease Extension in 2020
  • Absolute Net Lease - Low Price-Point With Below Market Rent
  • 8-Miles From the Bridge of the America's, El Paso's Highest Volume Border Crossing (More Than 26.3 Million Border Crossings in 2019)
  • Signalized Hard Corner Location on Lomaland Drive With Strong Traffic Counts
  • More Than 271,696 Residents Within a Five-Mile Radius

Investment Overview

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.

Exclusively Listed By

Financing By

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