Listed by Secure Net Lease
$11,853,500
7-Eleven w/ Laredo Taco
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,853
Cap Rate 5%
NOI $592,675
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 07/31/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options (4), 5-Year Renewal Options
Year Built 2026
Acreage 3.070
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/02/2026
Ground Lease No
Prime Hard-Corner Location | 100% Bonus Depreciation
Marketing description
- Rent Commencement: July 2, 2026
- 15-Year Absolute NNN Lease with 10% Rental Increases Every 5 Years, In Primary Term & Option Periods, Plus (4), 5-Year Renewal Options
- Prime Hard-Corner Location with Exceptional Visibility & Access – Positioned at the NEC of Loop 340 & 12th Street, right off of Highway 6 (15,000+ VPD) and minutes from I-35 (88,000+ VPD), capturing commuter, student, industrial, and regional through-traffic throughout South Waco.
- Major Infrastructure Improvements Enhancing Long-Term Accessibility – The ongoing I-35 Waco South Project is expanding the corridor from six to eight lanes while improving frontage roads and interchanges between Loop 340 and 12th Street, strengthening traffic flow and regional connectivity.
- Located Near Texas Central Park Industrial Hub – Just off Loop 340 and proximate to Texas Central Park, home to Amazon, AbbVie, Howmet Aerospace, and Mars Wrigley, which has attracted $2B+ in investment and created 2,600+ jobs since 2020.
- Waco, TX: Strategic Location in the Heart of the Texas Triangle – Located approximately 90 miles south of Dallas–Fort Worth and 100 miles north of Austin, Waco provides access to roughly 80% of Texas’ population within 200 miles, making it a premier distribution, employment, and retail hub.
- 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
- Rent Commencement: July 2, 2026
- Prime Hard-Corner Location at Loop 340 & 12th Street | Near Highway 6 (15,000+ VPD) & I-35 (88,000+ VPD) | Strong Regional Connectivity
- Major Infrastructure Investment Underway | I-35 Waco South Expansion | Enhanced Traffic Flow & Accessibility
- Adjacent to Texas Central Park Industrial Hub | $2B+ Investment Since 2020 | 2,600+ Jobs Created | Amazon, AbbVie & Mars Wrigley
- Waco, TX – Located in the Heart of the Texas Triangle | 90 Miles from DFW | 100 Miles from Austin | Access to 80% of Texas Population Within 200 Miles
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$592,675.00
$49,389.58/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
Map
Zoning
R-1B ResidentialSingle FamilySingle Family Residence District
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View all 46 uses
View all 46 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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