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Auto Service - Gas-Conv

7-Eleven w/ Gas & Car Wash | Austin, TX | Absolute Net Leasehold | Immediate Depreciation Benefits

1600 Wells Branch Pkwy, Austin, TX 78728

Listing Price: $2,523,540

Cap Rate
6.58%
Tenant Name
7-Eleven
Years Remaining On Lease
9.4
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$560.79
Lease Type
Absolute Net
Rent Per Square Feet
$36.89

Investment Overview

Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most populous city in the United States, the fourth-most-populous city in Texas, and the second-most-populous state capital city (after Phoenix, Arizona). It has been one of the fastest growing large cities in the United States since 2010. Austin is the southernmost state capital in the contiguous United States and is considered a "Beta -" global city as categorized by the Globalization and World Cities Research Network. Emerging from a strong economic focus on government and education, since the 1990s Austin has become a center for technology and business. A number of Fortune 500 companies have headquarters or regional offices in Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook, NXP semiconductors, Google, IBM, Intel, Oracle, Texas Instruments, and Whole Foods Market. Dell's worldwide headquarters is located in the nearby suburb of Round Rock. With regard to education, Austin is the home of the University of Texas at Austin, which is one of the largest universities in the U.S. and is attended by over 50,000 students.

Investment Highlights

  • Absolute Net Leasehold with Increases Every 5 Years. This Location features a Gas Station & Car Wash and Potentially Qualifies for Immediate 90-100% Depreciation (Net of Land).
  • Positioned Along Area's Major Retail, Office & Traffic Corridor: Signalized Hard Corner Location - Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 52k 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.
  • Across from H-E-B and near Numerous other National Retailers including The Home Depot, Lowe's Home Improvement, Walmart Supercenter, Kohl's, Walgreens, Petsmart and many more.
  • Densely Populated & Affluent Area: Features an Average Household Income of $95k+ and 261k+ People Residing within a 5-Mile Radius. Austin Currently Ranks as the Fastest Growing Metro out of the 50 Largest U.S. Metros, and has an Unemployment Rate of 3.5%
  • Minutes from Parmer Center - a Premier Business Park that encompasses Hundreds of Thousands of Sq.Ft. of Newly Developed Office Space. The Project will push a total 3M+ SF including 1.7M SF of office space.
  • 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.

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 w/ Gas & Car Wash | Austin, TX | Absolute Net Leasehold | Immediate Depreciation Benefits

Listing Price: $2,523,540

Cap Rate
6.58%
Tenant Name
7-Eleven
Years Remaining On Lease
9.4
Gross SF
4,500
Guarantor
Corporate Guarantee
Rentable SF
4,500
Price/Gross SF
$560.79
Lease Type
Absolute Net
Rent Per Square Feet
$36.89

Investment Highlights

  • Absolute Net Leasehold with Increases Every 5 Years. This Location features a Gas Station & Car Wash and Potentially Qualifies for Immediate 90-100% Depreciation (Net of Land).
  • Positioned Along Area's Major Retail, Office & Traffic Corridor: Signalized Hard Corner Location - Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 52k 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.
  • Across from H-E-B and near Numerous other National Retailers including The Home Depot, Lowe's Home Improvement, Walmart Supercenter, Kohl's, Walgreens, Petsmart and many more.
  • Densely Populated & Affluent Area: Features an Average Household Income of $95k+ and 261k+ People Residing within a 5-Mile Radius. Austin Currently Ranks as the Fastest Growing Metro out of the 50 Largest U.S. Metros, and has an Unemployment Rate of 3.5%
  • Minutes from Parmer Center - a Premier Business Park that encompasses Hundreds of Thousands of Sq.Ft. of Newly Developed Office Space. The Project will push a total 3M+ SF including 1.7M SF of office space.
  • 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.

Investment Overview

Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most populous city in the United States, the fourth-most-populous city in Texas, and the second-most-populous state capital city (after Phoenix, Arizona). It has been one of the fastest growing large cities in the United States since 2010. Austin is the southernmost state capital in the contiguous United States and is considered a "Beta -" global city as categorized by the Globalization and World Cities Research Network. Emerging from a strong economic focus on government and education, since the 1990s Austin has become a center for technology and business. A number of Fortune 500 companies have headquarters or regional offices in Austin, including 3M, Advanced Micro Devices (AMD), Amazon, Apple, Facebook, NXP semiconductors, Google, IBM, Intel, Oracle, Texas Instruments, and Whole Foods Market. Dell's worldwide headquarters is located in the nearby suburb of Round Rock. With regard to education, Austin is the home of the University of Texas at Austin, which is one of the largest universities in the U.S. and is attended by over 50,000 students.

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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