Listed by Secure Net Lease
$8,202,500
7-Eleven
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,813
Cap Rate 5.1%
NOI $418,317
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 09/30/2040
Remaining Term 14.2
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Year Built 2025
Acreage 1.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2025
Ground Lease No
5.10% CAP | Top Performing Location Nationally
Marketing description
- 15-Year Absolute NNN Lease with 10% rental increases every 5-years | Store Opening: Late September 2025
- Strategic Canyon Lake Location, Halfway Between Austin and San Antonio, with Direct Access to FM 306 and Regional Trade. The site is less than 10 minutes to Creekside Town Center (1.2M SF), anchored by H-E-B, Buc-ee’s, Target, and the new 158,000 SF Costco (opening 2026).
- High-Traffic Corridor with Over 25K VPD on River Road and 30K+ VPD on FM 306 - Excellent visibility & access along River Road, with immediate proximity to FM 306. Supported by major infrastructure improvements including FM 306 widening and the $4.5B I-35 expansion connecting Austin and San Antonio.
- Surrounded by Key Regional Demand Drivers Including Healthcare and Higher Education. Within 15 miles of Resolute Health (128 beds), CHRISTUS Santa Rosa (89 beds), and New Braunfels ER. Nearby academic anchors include Texas State University (38,000 students) and UTSA (34,000 students), driving steady weekday traffic and employment density.
- Creekside Retail and Entertainment Expansion Driving Long-Term Traffic - Phase II of Creekside Town Center (8 miles away) will add 200,000 SF of retail including Belk, TJ Maxx, Spec’s, and a 14-screen theater. New entries such as Topgolf (opening 2025) and Portillo’s reinforce the location’s long-term draw.
- 7-Eleven: Leading C-Store Operator with 85,000+ Units Worldwide and is targeting 1,300 new North American stores by 2030. New “food-forward” formats featuring EV charging, QSRs, and mobile checkout are outperforming legacy units by 18% in daily sales. U.S. operations generate $10.5B+ in annual revenue.
- Top 10 Growth Market | Comal County Ranks 4th in the U.S. by Population Growth. Driven by inbound migration from Austin and San Antonio, Comal County has grown nearly 50% since 2010. Canyon Lake alone is up 30%+ since 2020. The area’s rising incomes, infrastructure, and housing demand are fueling essential retail performance.
Investment highlights
- Complete Scrape and Re-Build of an Existing Successful 7-Eleven | 30+ Year Operating History
- TX Hill Country Hotspot Near Guadalupe River (160K Visitors / Year) | ±55K VPD at FM 306 and River Rd.
- 8 Minutes to 1.2M SF Creekside Town Center Anchored by H-E-B and Costco | Near Resolute Health, CHRISTUS Santa Rosa, Texas State (38,000 Students), and UTSA (34,000 Students), and New Data Center Projects in San Marcos and New Braunfels
- 8.3M Projected Population Between Austin and San Antonio – Larger than Houston and DFW
- Canyon Lake 42nd U.S. Suburb Everyone Wants to Move | Comal County 4th Fastest Growth in U.S. | San Antonio MSA 9th Hottest Housing Market
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$418,317.00
$34,859.75/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
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