7-Eleven | New 15yr Corp Abs NNN w/ Incrses | 7900 Boca Chica Blvd
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7-Eleven | New 15yr Corp Abs NNN w/ Incrses 7900 Boca Chica Blvd
4,842 SF Retail Building Brownsville, TX 78521 £4,851,190 (£1,002/SF) 5.01% Net Initial Yield
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | 5 (5-Year) Options | Corporate Signed | Features Laredo Taco
- Hard Corner Signalized Location | High Traffic Counts | 20 Minutes From Space X Starbase | 5 Minutes From Port of Brownsville
- Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
Executive Summary
• The tenant, 7-Eleven, recently executed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 10% rental increase in year 10 and the 10% every 5 years at the beginning of each option to extend, increasing the NOI and providing a hedge against inflation
• 7–Eleven, Inc. is the premier name in the convenience-retailing industry. Based in Irving, Texas, 7–Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
• The lease features a 10% rental increase in year 10 and the 10% every 5 years at the beginning of each option to extend, increasing the NOI and providing a hedge against inflation
• 7–Eleven, Inc. is the premier name in the convenience-retailing industry. Based in Irving, Texas, 7–Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,842 SF
Year Built
2023
Price
£4,851,190
Price Per SF
£1,002
Net Initial Yield
5.01%
NOI
£243,176
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
2.12 AC
Zoning
SD6
Parking
33 Spaces (8.26 Spaces per 1,000 SF Leased)
Frontage
536 ft on South Indiana Avenue
Amenities
- Corner Lot
- Signage
-
Teddy Leonard -
SRS Real Estate Partners
(512) 387-9770
x25
1 of 7
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7-Eleven | New 15yr Corp Abs NNN w/ Incrses | 7900 Boca Chica Blvd
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