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11643 Research Blvd
Austin, TX 78759
7-Eleven Retail Building · Retail Property For Sale
Investment Highlights
- Both tenants operate under NNN leases with taxes, insurance, and maintenance passed through.
- 7-Eleven lease corporately guaranteed by 7-Eleven, Inc., an Investment Grade company rated "A" by S&P.
- 10% rent escalations every 5 years for 7-Eleven; 3% annual increases for iVape ATX.
- 7-Eleven has ±12.36 years remaining on its lease with three additional five-year options.
- 7-Eleven has been operating at this location since 2017 and signed a 15-year renewal.
- Direct access to U.S. Route 183 (±138,371 VPD) with a dedicated exit lane from the highway.
Executive Summary
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
3,650 SF
Building Class
C
Year Built
1982
Price
$5,200,000
Price Per SF
$1,424.66
Cap Rate
5.74%
NOI
$298,270
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
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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