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Auto Service - Gas-Conv

7-Eleven with Gas Station | Austin MSA | Absolute Net Leasehold | Immediate Depreciation Benefits

2201 S Interstate 35, San Marcos (Austin MSA), TX 78666

Listing Price: $2,553,595

Cap Rate
6.67%
Tenant Name
7-Eleven
Years Remaining On Lease
9.4
Gross SF
5,900
Guarantor
Corporate Guarantee
Rentable SF
5,900
Price/Gross SF
$432.81
Lease Type
Absolute Net
Rent Per Square Feet
$28.84

Investment Overview

San Marcos is a city and the county seat of Hays County, Texas. The city’s limits extend into Caldwell and Guadalupe Counties, as well. San Marcos is within the Austin–Round Rock–San Marcos metropolitan area and on the Interstate 35 corridor between Austin and San Antonio. Its population was 44,894 at the 2010 census and was an estimated 64,776 in 2019. Founded on the banks of the San Marcos River, the area is thought to be among the oldest continuously inhabited sites in the Americas. San Marcos is home to Texas State University and the Meadows Center for Water and the Environment. In 2010, San Marcos was listed in Business Week’s fourth annual survey of the “Best Places to Raise your Kids”. In 2013 and 2014, the United States Census Bureau named it the fastest-growing city in the United States. In December 2013, it was named number nine on Business Insider’s list of the “10 Most Exciting Small Cities In America”. San Marcos is located approximately 30 miles southwest of Austin and 51 miles northeast of San Antonio. San Marcos’ central location along IH-35 and strong infrastructure makes it ideal for industry. It includes business incentives, a high quality of life, regional airports and proximity to major international airports, access to major roadways such as IH-35, SH-130, US-183, and IH-10, networking opportunities and support for small businesses and entrepreneurs, a healthy tax structure, and a diverse and talented workforce.

Investment Highlights

  • Absolute Net Leasehold with Increases Every 5 Years. This Location features a Gas Station and Potentially Qualifies for Immediate 90-100% Depreciation (Net of Land).
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Easy Access and Excellent Visibility along I-35 with Daily Traffic Counts Exceeding 131k Vehicles.
  • Strong Tenant - The Company is Ranked #178 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $60.95 Billion.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Development Under Construction. The Population is expected to Jump 35% by 2030, Hays County is expected to Jump nearly 70% and San Marcos is expected to grow 44%. Total Residential Sales are Showing 23.5% Year-over-Year Growth from October 2019 to October 2020.
  • Within a Lowe's, Sam's Club, Best Buy, Ross and Marshalls Anchored Power Center and Surrounded by Numerous other National Retailers including Target, Academy Sports, Michaels and many more.
  • Minutes from San Marcos Outlet Malls - One of the Top Tourist Attractions in Texas. The Two Adjacent Distinct Outlet Malls, the Premium Outlets and the Tanger Factory Outlet Center combined, have more than 240 Stores and an Excess of 1M Sq.Ft. They are also one of the Top Employers of San Marcos.
  • Significant Business Attraction to the Area, including a $191 Million Fulfillment Facility for Amazon and Best Buy's only E-Commerce Sales Center along with many other High-Tech Manufacturers.
  • San Marcos has been Ranked the Fastest Growing City in America Three Years in a Row by the US Census Bureau (Population nearly doubled since 2010). The Area has been named "Americas Next Great Metropolis" by Forbes. Near Texas State University - The Fifth-Largest Public Research University in the State of Texas with an Enrollment of over 38,500 Students and 200 Bachelor's, Masters and Doctoral Degree Programs.

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 with Gas Station | Austin MSA | Absolute Net Leasehold | Immediate Depreciation Benefits

Listing Price: $2,553,595

Cap Rate
6.67%
Tenant Name
7-Eleven
Years Remaining On Lease
9.4
Gross SF
5,900
Guarantor
Corporate Guarantee
Rentable SF
5,900
Price/Gross SF
$432.81
Lease Type
Absolute Net
Rent Per Square Feet
$28.84

Investment Highlights

  • Absolute Net Leasehold with Increases Every 5 Years. This Location features a Gas Station and Potentially Qualifies for Immediate 90-100% Depreciation (Net of Land).
  • Positioned Along Area's Major Traffic & Retail Corridor. Signalized Hard Corner Location - Easy Access and Excellent Visibility along I-35 with Daily Traffic Counts Exceeding 131k Vehicles.
  • Strong Tenant - The Company is Ranked #178 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $60.95 Billion.
  • Immediate Area Experiencing Major Growth: Near Several Large Housing/Retail Development Under Construction. The Population is expected to Jump 35% by 2030, Hays County is expected to Jump nearly 70% and San Marcos is expected to grow 44%. Total Residential Sales are Showing 23.5% Year-over-Year Growth from October 2019 to October 2020.
  • Within a Lowe's, Sam's Club, Best Buy, Ross and Marshalls Anchored Power Center and Surrounded by Numerous other National Retailers including Target, Academy Sports, Michaels and many more.
  • Minutes from San Marcos Outlet Malls - One of the Top Tourist Attractions in Texas. The Two Adjacent Distinct Outlet Malls, the Premium Outlets and the Tanger Factory Outlet Center combined, have more than 240 Stores and an Excess of 1M Sq.Ft. They are also one of the Top Employers of San Marcos.
  • Significant Business Attraction to the Area, including a $191 Million Fulfillment Facility for Amazon and Best Buy's only E-Commerce Sales Center along with many other High-Tech Manufacturers.
  • San Marcos has been Ranked the Fastest Growing City in America Three Years in a Row by the US Census Bureau (Population nearly doubled since 2010). The Area has been named "Americas Next Great Metropolis" by Forbes. Near Texas State University - The Fifth-Largest Public Research University in the State of Texas with an Enrollment of over 38,500 Students and 200 Bachelor's, Masters and Doctoral Degree Programs.

Investment Overview

San Marcos is a city and the county seat of Hays County, Texas. The city’s limits extend into Caldwell and Guadalupe Counties, as well. San Marcos is within the Austin–Round Rock–San Marcos metropolitan area and on the Interstate 35 corridor between Austin and San Antonio. Its population was 44,894 at the 2010 census and was an estimated 64,776 in 2019. Founded on the banks of the San Marcos River, the area is thought to be among the oldest continuously inhabited sites in the Americas. San Marcos is home to Texas State University and the Meadows Center for Water and the Environment. In 2010, San Marcos was listed in Business Week’s fourth annual survey of the “Best Places to Raise your Kids”. In 2013 and 2014, the United States Census Bureau named it the fastest-growing city in the United States. In December 2013, it was named number nine on Business Insider’s list of the “10 Most Exciting Small Cities In America”. San Marcos is located approximately 30 miles southwest of Austin and 51 miles northeast of San Antonio. San Marcos’ central location along IH-35 and strong infrastructure makes it ideal for industry. It includes business incentives, a high quality of life, regional airports and proximity to major international airports, access to major roadways such as IH-35, SH-130, US-183, and IH-10, networking opportunities and support for small businesses and entrepreneurs, a healthy tax structure, and a diverse and talented workforce.

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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