

7-Eleven
Retail | 5.50% CAP | 3,827 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: A) 7-Eleven investment property located in Corpus Christi, Texas. The tenant, 7-Eleven, Inc., has over 6 years remaining on their lease term with 2 (5-year) option periods, demonstrating their commitment to the site. The site features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 77,000 stores in 16 countries and regions, including 16,000 in North America. The property is currently being branded as a Stripes Convenience Store, but is secured and operated by 7-Eleven, Inc.
Investment highlights
- The tenant, 7-Eleven, Inc., has over 6 years remaining on their current lease term with 2 (5-year) options, demonstrating their commitment to the site
- The lease is signed by the corporate entity (S&P: A)
- Features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
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