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33836047
33836049

4202 S. Staples Street, Corpus Christi, TX 78411

JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Salt Lake City
$3,273,000
3 days on market
Updated 3 days ago

7-Eleven

Details
APN 8229-0000-0021, 8229-0000-0023, 8379-0000-0010
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,827
Cap Rate 5.5%
NOI $180,000
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Expiration 09/30/2032
Rent Bumps Yes
Lease Options 2 (5-year) options with 10% rental increases at the beginning of each option
Class A
Year Built 1987
Buildings 1
Acreage 0.900
Zoning Commercial
Parking Spaces 18 spaces
Parking Per SqFt 4.70
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple (Land & Building)

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

Listing Contacts

JC
UT UT 9518385-SA00
SRS Real Estate Partners Salt Lake City
Listed by SRS Real Estate Partners Salt Lake City

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$180,000.00
$15,000.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

Map

Zoning

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CG-2 CommercialGeneral CommercialGeneral Commercial
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Last updated Apr 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Louie Tijerina
License
TX License No. 655302-B
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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