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Dark 711 Repositioning Opportunity Austin TX

2803 San Jacinto Blvd, Austin, TX 78705

Listing Price: Request For Offer

Tenant Name
7-ELEVEN
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
2,828
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.28

Investment Overview

Marcus & Millichap is pleased to present for sale this “Dark” 7-Eleven located at 2803 San Jacinto Blvd. in Austin Texas. 7-11 will pay rent until May 2025 under an absolute NNN Lease. Austin is the capital of Texas with a booming population over 961,855 and the fourth most populous city in Texas. Austin has been one of the fastest growing cities in the United States since 2010. The Austin metro statistical area has a gross domestic product (GDP) of $86 Billion each year and Austin has a huge technology and defense industry sector. Austin has also been emerging as a hub for pharmaceutical and biotechnology companies. This 7-Eleven is located next to the University of Texas at Austin with over 50,476 students. Also close by are St. David’s Medical Center with 368 beds and University of Texas Health Research Center and Dell Children’s Medical Center. A few minutes away is the LBJ Presidential Library which sees over 100,000 visitors from around the world each year. Austin is a growing city with many brand-new home developments around this property. Lennar at Mueller is an 80 acre, master planned community with 230 homesites and 3 miles from downtown Austin. Also in close vicinity is Perry Homes Easton Park 60, Masonwood Homes, Addeson South and David Weekley Homes, among many others. Many apartment complexes are also located close by this 7-Eleven including Barton Springs Apartments (112 rented units), Mueller Square, North 40 Apartments (36 Rented units), Hyde Park Apartments (192 Rented units) and Duvall Village Apartments among many others. Many shopping centers are also located nearby including Delwood Shopping Center, Casis Shopping Center and Hancock Center. 7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with approximately 65,000 stores in 18 countries. In the 10,500 stores in North America, 7-Eleven offers over 2,500 different products and services.

Investment Highlights

  • Dark 711 | Income Producing Owner/User or Redevelopment Opportunity
  • Austin is the 4th Largest City in Texas and the State's Capital
  • Located Next to the University of Texas at Austin with More than 50,000 Enrolled Students
  • 7-Eleven is Largest Operator of Convenience Stores with 65,000 Stores in 18 Countries & 10,500 Stores in North America

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Auto Service - Gas-Conv

Dark 711 Repositioning Opportunity Austin TX

Listing Price: Request For Offer

Tenant Name
7-ELEVEN
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
2,828
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.28

Investment Highlights

  • Dark 711 | Income Producing Owner/User or Redevelopment Opportunity
  • Austin is the 4th Largest City in Texas and the State's Capital
  • Located Next to the University of Texas at Austin with More than 50,000 Enrolled Students
  • 7-Eleven is Largest Operator of Convenience Stores with 65,000 Stores in 18 Countries & 10,500 Stores in North America

Investment Overview

Marcus & Millichap is pleased to present for sale this “Dark” 7-Eleven located at 2803 San Jacinto Blvd. in Austin Texas. 7-11 will pay rent until May 2025 under an absolute NNN Lease. Austin is the capital of Texas with a booming population over 961,855 and the fourth most populous city in Texas. Austin has been one of the fastest growing cities in the United States since 2010. The Austin metro statistical area has a gross domestic product (GDP) of $86 Billion each year and Austin has a huge technology and defense industry sector. Austin has also been emerging as a hub for pharmaceutical and biotechnology companies. This 7-Eleven is located next to the University of Texas at Austin with over 50,476 students. Also close by are St. David’s Medical Center with 368 beds and University of Texas Health Research Center and Dell Children’s Medical Center. A few minutes away is the LBJ Presidential Library which sees over 100,000 visitors from around the world each year. Austin is a growing city with many brand-new home developments around this property. Lennar at Mueller is an 80 acre, master planned community with 230 homesites and 3 miles from downtown Austin. Also in close vicinity is Perry Homes Easton Park 60, Masonwood Homes, Addeson South and David Weekley Homes, among many others. Many apartment complexes are also located close by this 7-Eleven including Barton Springs Apartments (112 rented units), Mueller Square, North 40 Apartments (36 Rented units), Hyde Park Apartments (192 Rented units) and Duvall Village Apartments among many others. Many shopping centers are also located nearby including Delwood Shopping Center, Casis Shopping Center and Hancock Center. 7-Eleven is the world’s largest operator, franchisor and licensor of convenience stores with approximately 65,000 stores in 18 countries. In the 10,500 stores in North America, 7-Eleven offers over 2,500 different products and services.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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