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7-Eleven, Corpus Christi, TX

7-Eleven

Corpus Christi, Texas

Price $2,520,000
Cap Rate 5.00%
NOI $125,987
Lease Term 10 Years
Lease Type Absolute NNN Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 7.5% Rental Increases In Option Periods
Year Built CALL FOR DETAILS
Building Size 2,406 SF
Lot Size .526 Acres (22,932 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

ABSOLUTE NNN LEASE TO ICONIC CORPORATE TENANT
» 7-Eleven is the largest convenience retail chain in the world, with more than 67,000 stores worldwide
» 7-Eleven, Inc. is an investment grade tenant with a “AA-” rating from Standard & Poor’s
» 7.5% rental increases in option periods, providing a hedge against inflation
» Absolute NNN lease with four (4) five (5) year options
» No landlord management, ideal for an out-of-area investor
» Features four (4) fuel pumps and a freestanding convenience store
» Texas is an income tax free state

HIGH-VISIBILITY LOCATION SURROUNDED BY LARGE EMPLOYERS, RETALERS, AND COMMUNITY HUBS
» High-visibility location along Waldron Road (14,718 AADT)
» Surrounded by a strong mix of local and national retailers, including H-E-B plus!, Walmart
Supercenter, Dollar Tree, McDonald’s, Pizza Hut, Taco Bell, Whataburger, and many more
» Beneficial proximity to highly attended Corpus Christi Schools, including Flour Bluff Elementary School and Flour Bluff Intermediate School, which are within walking distance (combined 1,651 students)
» 4.5 miles from Naval Air Station Corpus Christi, drawing significant area traffic (2,836 active duty members)
» 14 miles from Downtown Corpus Christi

LOCATED IN A POPULOUS, AFFLUENT, AND GROWING RETAIL CORRIDOR
» Beneficial proximity to State Route 358/John F. Kennedy Memorial Causeway (64,652 AADT), greatly increasing visibility to the site
» Average annual household income of $83,858 within five miles of the location
» Population of 62,036 within a five-mile radius of the location, creating a large customer base for the site
» Projected 12 percent average annual household income increase within a one-mile radius of the site in the next five years, poising 7-Eleven and Corpus Christi for concurrent growth



Property Description

The property is surrounded by a strong mix of local and national retailers, including H-E-B plus!, Walmart Supercenter, Dollar Tree, McDonald’s, Pizza Hut, Taco Bell, Whataburger, and many more. The site is within walking distance to highly attended Corpus Christi Schools, including Flour Bluff Elementary School and Flour Bluff Intermediate School (combined 1,651 students). The location is also just 4.5 miles from Naval Air Station Corpus Christi, drawing significant area traffic (2,836 active duty members).

Visibility to the property is increased by the site’s centralized location in a densely populated, affluent, and growing retail corridor. The site has a high-visibility location along Waldron Road (14,718 AADT). The site also maintains a beneficial proximity to State Route 358/John F. Kennedy Memorial Causeway (64,652), greatly increasing visibility to the site. 62,036 residents live within a five-mile radius of the location, establishing a large regular customer base for the site. The property resides in an affluent area as well, with an average annual household income of $83,858 within five miles of the location. The property is primed to grow along with the surrounding area, with a projected 12 percent average annual household income increase within one mile of the site in the next five years.

Contact Us About This Property

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