Listed by Trinity Real Estate Investment Services
Unpriced
7-Eleven
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 3,129
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type NN+
Lease Term 15
Lease Expiration 01/01/2028
Remaining Term 1.5
Rent Bumps Yes
Lease Options Three (3), 5-Year; 10% Increase
Year Built 1910
Acreage 0.080
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2013
Ground Lease No
Ownership Private
Retail | 3,129 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a 7-Eleven in Austin, TX. The subject property is an irreplaceable location steps from the Texas State Capitol at Congress Ave & 6th Street. It has consistent demand seven days a week from government, hotel, bar & entertainment traffic.
Property Website: https://trinityreis.com/listing/613-n-congress-ave/
Investment highlights
- First Time on Market in Nearly 100 Years – Same Private Ownership Since the 1940s
- Irreplaceable Location Steps From the Texas State Capitol at Congress Ave & 6th Street
- NN+ Lease Structure – Tenant Pays Taxes, Insurance, HVAC, Parking Lot & Maintenance
- 141,772 Daytime Population Within 1 Mile | 15,250+ Workers Within a 5-Minute Walk
- Below-Market Rents at $83,214/Year – Significant Upside to Downtown Austin Retail Market Rates
- Supply-Constrained Submarket – No Available Land for New Retail in Downtown Austin's Urban Core
- 7-Eleven Inc. – World's Largest Convenience Retailer | 85,000+ Locations in 20 Countries
- Consistent Demand Seven Days a Week From Government, Hotel, Bar & Entertainment Traffic
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Zoning
CBD CommercialCore CommercialCentral Business
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