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Auto Service - Gas-Conv

7-Eleven Gas Station w/ Car Wash | Austin MSA | Long Term Abs. Net Lease | Signalized Hard Corner

803 Sam Bass Rd, Round Rock (Austin MSA), TX 78681

Listing Price: $6,705,882

Cap Rate
4.25%
Tenant Name
7-Eleven
Years Remaining On Lease
12.4
Gross SF
2,750
Guarantor
Corporate Guarantee
Rentable SF
2,750
Price/Gross SF
$2,438.50
Lease Type
Absolute Net
Rent Per Square Feet
$103.64

Investment Overview

Round Rock is a city in the U.S. state of Texas, in Williamson County (with a small part in Travis County), which is a part of the Greater Austin metropolitan area. In August 2008, Money named Round Rock as the seventh-best American small city in which to live. Round Rock was the only Texas city to make the Top 10. In a CNN article dated July 1, 2009, Round Rock was listed as the second-fastest-growing city in the country, with a population growth of 8.2% in the preceding year. Round Rock is perhaps best known as the international headquarters of Dell Technologies, which employs about 16,000 people at its Round Rock facilities. The presence of Dell along with other major employers, an economic development program, major retailers such as IKEA, a Premium Outlet Mall, and the mixed-use La Frontera center, have changed Round Rock into its own self-contained "super suburb." The City of Round Rock has maintained a high quality of life, while becoming a major center for economic growth in Central Texas, with industry clusters in clean energy, advanced manufacturing, life sciences, and computer/software development.

Investment Highlights

  • Long Term Absolute Net Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. This Location features a Gas Station and Attached Car Wash.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 28k Vehicles.
  • Strong Tenant - The Company is Ranked #178 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $60.95 Billion.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $114k and 214k+ People Residing within a 5-Mile Radius. Round Rock is one of the Fastest-Growing Cities in the U.S.
  • Near Numerous National Retailers including H-E-B plus!, Walmart Supercenter, Walgreens, Big Lots, Academy Sports, Sam's Club, Lowe's, The Home Depot, Target, Hobby Lobby, Kohl's, Best Buy and many more.
  • Near St. David's Round Rock Medical Center - a 171-Bed Facility Offering a Range of Services including Advanced Cardiac Care, Level II Trauma Center, 24Hr Emergency Department, Cancer Care and Inpatient Rehabilitation.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s) TX: 0606255

    Texas

Auto Service - Gas-Conv

7-Eleven Gas Station w/ Car Wash | Austin MSA | Long Term Abs. Net Lease | Signalized Hard Corner

Listing Price: $6,705,882

Cap Rate
4.25%
Tenant Name
7-Eleven
Years Remaining On Lease
12.4
Gross SF
2,750
Guarantor
Corporate Guarantee
Rentable SF
2,750
Price/Gross SF
$2,438.50
Lease Type
Absolute Net
Rent Per Square Feet
$103.64

Investment Highlights

  • Long Term Absolute Net Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. This Location features a Gas Station and Attached Car Wash.
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 28k Vehicles.
  • Strong Tenant - The Company is Ranked #178 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $60.95 Billion.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $114k and 214k+ People Residing within a 5-Mile Radius. Round Rock is one of the Fastest-Growing Cities in the U.S.
  • Near Numerous National Retailers including H-E-B plus!, Walmart Supercenter, Walgreens, Big Lots, Academy Sports, Sam's Club, Lowe's, The Home Depot, Target, Hobby Lobby, Kohl's, Best Buy and many more.
  • Near St. David's Round Rock Medical Center - a 171-Bed Facility Offering a Range of Services including Advanced Cardiac Care, Level II Trauma Center, 24Hr Emergency Department, Cancer Care and Inpatient Rehabilitation.

Investment Overview

Round Rock is a city in the U.S. state of Texas, in Williamson County (with a small part in Travis County), which is a part of the Greater Austin metropolitan area. In August 2008, Money named Round Rock as the seventh-best American small city in which to live. Round Rock was the only Texas city to make the Top 10. In a CNN article dated July 1, 2009, Round Rock was listed as the second-fastest-growing city in the country, with a population growth of 8.2% in the preceding year. Round Rock is perhaps best known as the international headquarters of Dell Technologies, which employs about 16,000 people at its Round Rock facilities. The presence of Dell along with other major employers, an economic development program, major retailers such as IKEA, a Premium Outlet Mall, and the mixed-use La Frontera center, have changed Round Rock into its own self-contained "super suburb." The City of Round Rock has maintained a high quality of life, while becoming a major center for economic growth in Central Texas, with industry clusters in clean energy, advanced manufacturing, life sciences, and computer/software development.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    License(s): TX: 0606255

    Texas

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