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7-Eleven 11643 Research Blvd 3,650 SF 100% Leased Retail Building Austin, TX 78759 $5,000,000 ($1,369.86/SF) 5.94% Cap Rate
Investment Highlights
- 100% Bonus Depreciation – A cost segregation study may allow a significant portion of the property to be depreciated over accelerated schedules, poten
- Long Term Lease – 7-Eleven has +13 years remaining on its lease, complemented by three additional five-year renewal options. iVape offers further tena
- High-Quality Credit – The 7-Eleven lease is corporately guaranteed by 7-Eleven, Inc., an Investment Grade company with an “A” credit rating from S&P.
- True Passive Income – Both tenants operate under NNN leases, with taxes, insurance, and maintenance expenses passed through the tenants.
- Attractive Rental Increases – 7-Eleven’s lease features 10% rent escalations every five years, while iVape benefits from 3% annual increases, deliveri
- Long Term Operations – 7-Eleven has been operating at this location since 2017 and signed a 15-year renewal, demonstrating site commitment.
Executive Summary
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Andrew Doerr and Jake Lurie (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Patrick Graham
License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Andrew Doerr and Jake Lurie (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
3,650 SF
Building Class
C
Year Built
1982
Price
$5,000,000
Price Per SF
$1,369.86
Cap Rate
5.94%
NOI
$296,865
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.61 AC
Zoning
F1-48
Parking
8 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 7-11
- Retailer
- -
- -
- Triple Net
- Dec 2038
- iVape ATX
- -
- -
- $36.00
- Triple Net
- Feb 2029
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 7-11 | Retailer | - | - | Triple Net | Dec 2038 | |
| iVape ATX | - | - | $36.00 | Triple Net | Feb 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 478321 | Improvements Assessment | $576,815 |
| Land Assessment | $798,455 | Total Assessment | $1,375,270 |
Property Taxes
Parcel Number
478321
Land Assessment
$798,455
Improvements Assessment
$576,815
Total Assessment
$1,375,270
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7-Eleven | 11643 Research Blvd
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