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7-Eleven 18201 State 71 hwy 3,145 SF Retail Building Spicewood, TX 78669 $7,805,000 ($2,481.72/SF) 5% Cap Rate
Investment Highlights
- 2020 Construction. 3,145+/- SF Building On 1.72+/- Acre Site
- Affluent Austin Suburb With 1-, 3-, And 5-Mile Average Household Incomes Exceeding $135K
- 7-Eleven Is The World’s Largest Convenience Store Chain With 85,000+ Locations Globally
- Highway Frontage Location On State Highway 71 (48,000+ VPD)
- Lake Travis Community Features Top-Ranked School Systems And Several Luxury Residential Developments
- Spicewood, TX | Outer Austin Suburb | Population: 15,618+
Executive Summary
10-Year Absolute NNN Lease With 10% Rental Increases Every 5 Years In Both The Primary Term And Renewal Options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,145 SF
Building Class
C
Year Built
2021
Price
$7,805,000
Price Per SF
$2,481.72
Cap Rate
5%
NOI
$390,262
Tenancy
Single
Building Height
1 Story
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 910324 | Improvements Assessment | $960,315 |
| Land Assessment | $482,296 | Total Assessment | $1,442,611 |
Property Taxes
Parcel Number
910324
Land Assessment
$482,296
Improvements Assessment
$960,315
Total Assessment
$1,442,611
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7-Eleven | 18201 State 71 hwy
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