Auto Service - Gas-Conv

7-Eleven

Listing Price: $399,000

Cap Rate
6.51%
Tenant Name
7-Eleven
Years Remaining On Lease
0.30
Gross SF
1,896
Guarantor
Franchisee Guarantee
Rentable SF
1,896
Price/Gross SF
$210.44
Lease Type
Absolute Net
Rent Per Square Feet
$13.70

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 1,896-square foot, freestanding building that sits on approximately 0.27 acres of land. There is less than one year remaining on the current lease term, with annual rental escalations scheduled in the options. The property has excellent access and visibility on Knights Drive and is 7 miles from the Bridge of the America’s, El Paso’s highest volume border crossings (26,329,698 crossings in 2019). The area is extremely dense with more than 194,232 residents and a daytime population of 238,129 within a five-mile radius. The subject property is in a dense infill area with limited gas station and convenience store competition. There are multiple schools within a one-mile radius. 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

  • Absolute Net Lease - Low Price-Point
  • 7 Miles From the Bridge of the America's, El Paso's Highest Volume Border Crossing (More Than 26.3 Million Border Crossings in 2019)
  • Limited Gas Station and Convenience Store Competition in a Dense Residential Area
  • Excellent Demographics - More Than 194,232 Residents and a Daytime Population of 238,129 (5-Mile Radius)
  • Multiple Schools Within a One-Mile Radius

Exclusively Listed By

Listing Price: $399,000

Cap Rate
6.51%
Tenant Name
7-Eleven
Years Remaining On Lease
0.30
Gross SF
1,896
Guarantor
Franchisee Guarantee
Rentable SF
1,896
Price/Gross SF
$210.44
Lease Type
Absolute Net
Rent Per Square Feet
$13.70

Investment Highlights

  • Absolute Net Lease - Low Price-Point
  • 7 Miles From the Bridge of the America's, El Paso's Highest Volume Border Crossing (More Than 26.3 Million Border Crossings in 2019)
  • Limited Gas Station and Convenience Store Competition in a Dense Residential Area
  • Excellent Demographics - More Than 194,232 Residents and a Daytime Population of 238,129 (5-Mile Radius)
  • Multiple Schools Within a One-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 1,896-square foot, freestanding building that sits on approximately 0.27 acres of land. There is less than one year remaining on the current lease term, with annual rental escalations scheduled in the options. The property has excellent access and visibility on Knights Drive and is 7 miles from the Bridge of the America’s, El Paso’s highest volume border crossings (26,329,698 crossings in 2019). The area is extremely dense with more than 194,232 residents and a daytime population of 238,129 within a five-mile radius. The subject property is in a dense infill area with limited gas station and convenience store competition. There are multiple schools within a one-mile radius. 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

MM Texture Background
MM Textured Background Lower