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Auto Service - Gas-Conv

7-Eleven Gas Station w/ Car Wash | Across from The Rim: The Most Visited Shopping Center in Texas

19605 I-10, San Antonio, TX 78257

Listing Price: $11,327,586

Cap Rate
4.35%
Tenant Name
7-Eleven
Years Remaining On Lease
15.0
Gross SF
3,034
Guarantor
Corporate Guarantee
Rentable SF
3,034
Price/Gross SF
$3,733.55
Lease Type
Absolute Net
Rent Per Square Feet
$162.41

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio's economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

Investment Highlights

  • 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. This Location features a Gas Station and Car Wash.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner Location - Features Direct Access and Excellent Visibility from Interstate 10 with Daily Traffic Counts of more than 118k 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.
  • Located Across from The Rim: Texas's Largest Power Center with over 1.8 Million Sq.Ft. of Master-Planned Development Comprised of World Class Retail, Restaurant & Entertainment Offerings. It is the most visited Shopping Center in TX (16M+ Annual Visitors).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $131k within a 1-Mile Radius and 122k+ People Residing within a 5-Mile Radius.
  • The 2nd Fastest Growing City and the 7th Largest in the Country, San Antonio Continues to Diversify, Innovate, and Attract new Businesses and Residents.
  • Epicenter of Activity - Surrounded by Corporate Headquarters, Entertainment Destinations, Major Educational and Military Bases - $15.2+ Billion in Economic Impact Annually. In Close Proximity to Six Flags: Fiesta Texas San Antonio - One of the Largest Theme Parks in North America. 216-Acres Featuring more than a Million Annual Visitors.
  • Minutes away from The University of Texas at San Antonio - The Largest University in San Antonio and the Eighth-largest in the state of Texas. (30k+ Students).

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 | Across from The Rim: The Most Visited Shopping Center in Texas

Listing Price: $11,327,586

Cap Rate
4.35%
Tenant Name
7-Eleven
Years Remaining On Lease
15.0
Gross SF
3,034
Guarantor
Corporate Guarantee
Rentable SF
3,034
Price/Gross SF
$3,733.55
Lease Type
Absolute Net
Rent Per Square Feet
$162.41

Investment Highlights

  • 15 Year Absolute Net Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term and Options. This Location features a Gas Station and Car Wash.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner Location - Features Direct Access and Excellent Visibility from Interstate 10 with Daily Traffic Counts of more than 118k 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.
  • Located Across from The Rim: Texas's Largest Power Center with over 1.8 Million Sq.Ft. of Master-Planned Development Comprised of World Class Retail, Restaurant & Entertainment Offerings. It is the most visited Shopping Center in TX (16M+ Annual Visitors).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $131k within a 1-Mile Radius and 122k+ People Residing within a 5-Mile Radius.
  • The 2nd Fastest Growing City and the 7th Largest in the Country, San Antonio Continues to Diversify, Innovate, and Attract new Businesses and Residents.
  • Epicenter of Activity - Surrounded by Corporate Headquarters, Entertainment Destinations, Major Educational and Military Bases - $15.2+ Billion in Economic Impact Annually. In Close Proximity to Six Flags: Fiesta Texas San Antonio - One of the Largest Theme Parks in North America. 216-Acres Featuring more than a Million Annual Visitors.
  • Minutes away from The University of Texas at San Antonio - The Largest University in San Antonio and the Eighth-largest in the state of Texas. (30k+ Students).

Investment Overview

San Antonio is the seventh-most populated city in the United States and is the second most populous city in the state of Texas. It is considered one of the fastest growing of the top ten largest cities in the United States from 2000 to 2010. It is home to numerous Fortune 500 companies including Valero Energy Corp, Tesoro Corp, USAA, iHeartMedia, CST Brands, INC. and more. San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio's economy focuses primarily on military, health care, government–civil service, financial services, oil and gas, and tourism. Since the beginning of the 21st century, the city has become a significant location for American-based call centers and has added a sizable manufacturing sector centered around automobiles. The city also has a growing technology sector. Located about 10 miles northwest of Downtown is the South Texas Medical Center, a conglomerate of various hospitals, clinics, and research (see Southwest Research Institute and Texas Biomedical Research Institute) and higher educational institutions. Over twenty million tourists visit the city and its attractions every year, contributing substantially to its economy, primarily due to The Alamo and the River Walk. The Henry B. Gonzalez Convention Center alone hosts over 300 events annually with more than 750,000 convention delegates from around the world. Tourism provided over 130,000 jobs, and it had an economic impact of $13.6 billion in the local economy according to information gathered in 2017. The city of San Antonio received $195 million in the same year from the hospitality industry, with revenues from hotel occupancy tax, sales taxes and others.

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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