Listed by Cushman & Wakefield - Sacramento, California
$8,496,000
7-Eleven | Temple, TX
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,650
Cap Rate 5.25%
NOI $446,036
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/29/2038
Remaining Term 13.8
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2023
Acreage 1.780
Parking Spaces 44 spaces
Parking Per SqFt 9.46
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Rent Commencement 11/29/2023
Ground Lease No
Sale Condition 1031 exchange
New 15-Year Abs NNN Lease | High Visibility Site
Marketing description
For Sale
Investment highlights
- Prime Retail Corridor: Located along I-35 and W Adams Ave, with high visibility and access to 105,090 VPD.
- Absolute NNN Lease: Fully passive investment with tenant responsible for all expenses.
- Large-Format Site: 4,650 SF building on a 1.78-acre parcel, featuring 47 parking spaces and 7 fuel pumps.
- Strong Lease Economics: $446,036 NOI with 7.5% rental increases every five years.
- Modern Construction: Built in 2023 to 7-Eleven’s latest prototype.
- Access to Key Destinations: Minutes from downtown Temple and major employers, including Baylor Scott & White Health.
- Absolute NNN lease with 13.8 years remaining; tenant responsible for all taxes, insurance, maintenance, and repairs, including roof, structure, and parking lot.
- 7.5% rental increases every five years during the initial term and all option periods, providing steady long-term income.
- Large-format 7-Eleven with 47 parking spaces and seven gasoline MPDs on a 1.78-acre parcel.
- 7-Eleven, Inc. operates over 78,000 stores worldwide, with 14,000+ in the U.S. and Canada.
- Premier location directly off Interstate 35 (105,090 VPD), connecting Temple to Waco and Dallas/Fort Worth.
- Immediate access from West Central Avenue (14,047 VPD).
- Within walking distance of major residential communities, including Lakeway Apartments and Fairways at Sammons Park Apartments.
- Surrounded by national brand tenants such as The Home Depot, Target, Best Buy, H-E-B, and Michaels, McDonald’s, Whataburger, Chick-fil-A, Dutch Bros, Advance Auto Parts and many others
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$446,036.00
$37,169.67/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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