Listed by Secure Net Lease
$8,720,000
7-Eleven (Stripes)
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,300
Cap Rate 5%
NOI $435,999
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2038
Remaining Term 12
Rent Bumps Yes
Lease Options (5) 5-Year Renewal Options
Year Built 2023
Acreage 2.470
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/22/2022
Ground Lease No
5.00% CAP | Large Format Superstore w/ Laredo Taco & Raise the Roost Chicken
Marketing description
- Brand New 15-Year Absolute NNN Lease w/ 12+ Years Remaining and 7.5% Rent Bumps Every 5 Years
- Large Format 7-Eleven Travel Center - Laredo Taco, Raise the Roost Chicken, 8 MPDs, 3 High Speed Diesel Lanes
- I-35 is the Major Thoroughfare Connecting the US/Mexico Border in Laredo, TX to San Antonio, Austin, and Dallas. Consisting of 97,000 freight businesses
- Shadow-Anchored by Top 10% Ranked H-E-B in Texas (1.67M+ Visitors/Year). Neighboring Retailers Include McDonald's, Taco Bell, Church's Chicken, and more
- Low Price Point 7-Eleven Truckstop Site
Investment highlights
- Brand New 15-Year Abs. NNN Lease 12+ Years Remaining with 7.5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options.
- 2023 Construction with Full-Service Travel Center Features including a Laredo Taco Company, Raise the Roost Chicken, 8 MPDs, 3 High-Speed Diesel Lanes, 44 Parking Spaces, and 8 Semi-Truck Stalls—designed to serve daily customers and long-haul travelers.
- Located on I-35, a Major Thoroughfare connecting the US/Mexico Border in Laredo, TX to San Antonio, Austin, and Dallas positioning subject property to be a major travel center servicing trade flow between Mexico, Texas and the US. I-35 is the 9th longest highway in the US, extending through to Minnesota.
- Limited Competition for Truck and Fuel Traffic with the nearest travel stop located over 5 miles away—downstream from the site—and the next over 8 miles, making this 7-Eleven the primary fueling point along this busy I-35 corridor.
- Signalized Hard Corner Highway Location with Superb Traffic Exposure at the intersection of I-35 and McDonald Street, featuring 50,000+ VPD on I-35 and 15,000-18,000 VPD on McDonald—delivering nonstop visibility and access at a critical regional traffic junction.
- Shadow-Anchored by a Top 10% Ranked H-E-B in Texas (1.67M+ Visitors/Year) and surrounded by high-performing national tenants like Whataburger, McDonald’s, CVS, Taco Bell, Burger King, and O’Reilly and more.
- Southwest San Antonio and Lytle are Rapidly Expanding, fueled by Rowan Digital’s $900M “Cinco” data center, Microsoft’s $1.5B Castroville facility, Toyota’s $500M plant expansion, and LGI Homes’ Rosewood Estates — all backed by an infrastructure grant supporting the area’s growth.
- Within 20 Minutes of San Antonio, the Fastest-Growing Major U.S. City with 2.7M+ residents in the MSA and over 13,300 new residents added in a single year—offering strong labor, housing, and retail growth momentum in every direction.
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$435,999.00
$36,333.25/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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