Listed by Secure Net Lease
$10,792,000
7-Eleven
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,650
Cap Rate 4.8%
NOI $518,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Term 15
Lease Expiration 06/30/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Year Built 2026
Buildings 1
Stories 1
Acreage 1.620
Investment Type Net Lease
Lease Commencement 06/01/2026
Ground Lease No
4.80% CAP | Directly Adjacent to Austin-Bergstrom Airport (21.7M+ Annual Passengers)
Marketing description
- Rent Commencement: June 2026 (Estimated); New 15-Year Corporate NNN Lease with 10% Rental Increases Every 5 Years in both the Primary Term and Option Periods.
- Large Format 7-Eleven - 1.62 Acre Parcel at the High Traffic Intersection of Hwy. 71 & FM 973 - Featuring 43 Parking Spaces and 6 MPDs.
- Prime Hard-Corner Location with Exceptional Visibility & Access – Situated at the NEC of Hwy 71 (±73,400 VPD) & FM 973 (±27,500 VPD), the property benefits from high traffic counts and direct access to one of Southeast Austin’s primary commuter corridors linking SH-130, Bastrop, and Downtown Austin.
- High-Growth Corridor Anchored by Major Demand Drivers – Located adjacent to Austin-Bergstrom International Airport (21.7M+ annual passengers), 1 mile from Tesla Giga Texas (21,191+ employees), and 4 miles from Circuit of The Americas (1.2M+ annual visitors; 440,000+ F1 weekend), generating strong daily traffic from commuters, employees, and travelers, along with significant event-driven demand spikes.
- Surrounded by Growing Residential Base & Workforce Housing – Located within ZIP 78617 (±28,800 residents, rising incomes ~$74K), reflecting rapid suburban expansion in Southeast Austin with strong demand from working-class households and families.
- Austin, TX is One of the Fastest-Growing Major U.S. Metros – Austin features a population of ~1.0M (2.6M MSA) with strong in-migration, a thriving tech-driven economy, and above-average household incomes ($104,000+), supporting long-term retail demand and investment stability.
- World's Largest Convenience Store Chain - 7-Eleven is the global leader in convenience retail, with over 85,000 locations worldwide, including 15,000+ in the U.S. There is ensured financial stability & it has a strong tenant profile for investors because it is backed by an ""A"" credit rating from S&P.
Investment highlights
- Large-Format 7-Eleven on 1.62 Acres | 43 Parking Spaces | 6 MPDs | High-Traffic Signalized Intersection
- Prime Hard-Corner Location (±100,000+ VPD Combined) | Direct Access to SH-130 & Downtown Austin
- Adjacent to Austin-Bergstrom Airport (21.7M+ Passengers) | 1 Mile from Tesla Giga Texas (21,191+ Employees) | Near Circuit of the Americas (1.2M+ Visitors)
- Growing Residential Base & Workforce Housing in Immediate Area | ±28,800 Residents | ~$74K Avg. Household Income | Rapid Southeast Austin Expansion
- Located in Austin, TX – Top U.S. Growth Market | ~1.0M Population (2.6M MSA) | Strong In-Migration | Tech-Driven Economy
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$518,000.00
$43,166.67/mo
Valuation Metrics
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DSCR
4.8%
Cap Rate
4.8%
ROI
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