Listed by Secure Net Lease
$7,839,000
7-Eleven with Laredo Taco
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,853
NOI $391,941
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Term 15
Lease Expiration 05/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options (5), 5-Year Renewal Options
Year Built 2026
Buildings 1
Stories 1
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/27/2026
Ground Lease No
5.00% CAP | Shadow-Anchored by Walmart | Features Laredo Taco
Marketing description
- Rent Commencement: May 27, 2026 (Estimated)
- Brand New 15-Year Absolute NNN Lease with (5) 5-Year Options to Renew, with 10% Rent Increases Every 5 Years, In Primary Term & Option Periods
- Prime Location within Liberty Corners Retail Center with Direct Frontage on US-83, a rapidly growing retail corridor shadow-anchored by Walmart Supercenter and a 136,000 SF Home Depot currently under construction and featuring national tenants including Denny’s, Chick-fil-A, Starbucks, Take 5, and 7-Eleven
- Directly Adjacent to the Future Penitas Crossing, a 58-acre master-planned retail center with announced national tenants Burlington, Ross Dress for Less, Marshalls, Five Below, LongHorn Steakhouse, and Olive Garden; poised to become the area’s dominant shopping destination
- Penitas, TX is Rapidly Transforming into a Regional Retail Destination fueled by millions in investment from major national retailers, with this commercial growth underscored by the city's infrastructure investments like the Liberty Blvd expansion into a 2.5-mile, four-lane roadway that increases Penitas' connectivity to its retail center
- With Nearly 1 Million Residents, the McAllen-Edinburg-Mission MSA is Emerging as a Powerhouse in cross-border commerce, advanced manufacturing, and healthcare, driven by strong GDP growth, rapid job creation, and significant infrastructure investment—positioning the region to attract capital and sustain long-term economic expansion
- 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. The company is backed by an "A" credit rating from S&P, ensuring financial stability and a strong tenant profile for investors.
Investment highlights
- Brand New 15-Year Absolute NNN Lease With 10% Rental Increases Every 5 Years
- Prime US-83 Frontage Location | Rapidly Expanding Retail Corridor | +39k VPD
- Shadow-Anchored By Walmart Supercenter and Home Depot | Located Alongside Numerous National Tenants Within Liberty Corners Retail Center
- McAllen-Edinburg-Mission MSA growth (1M+ Pop) fueling investment in Penitas with $40M+ in new retail and $13M+ in Liberty Blvd expansion
- The Rio Grande Valley is one of the fastest-growing regions in the U.S., with population expected to nearly double by 2045
Listing Contacts
Listed by Secure Net Lease
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$391,941.00
$32,661.75/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Name
License
Name
License
Name
License
Brokerage
Brokerage Phone
Title
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
