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7-Eleven | 6yrs Remaining Corp Abs NNN 4202 S Staples St 3,827 SF Retail Building Corpus Christi, TX 78411 $3,273,000 ($855.24/SF) 5.50% Cap Rate



Investment Highlights
- Over 6 Years Remaining | Corporate Signed | 10% Rental Increases |Investment Grade Tenant (S&P: A) | Branded as Stripes
- Signalized, Hard-Corner Intersection | State Highway 358 (142,800 VPD) | Excellent Visibility & Access | Multiple Pylon Signs
- Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Across from CVS and Walgreens | Strong National/Credit Tenant Presence
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: A) 7-Eleven investment property located in Corpus Christi, Texas. The tenant, 7-Eleven, Inc., has over 6 years remaining on their lease term with 2 (5-year) option periods, demonstrating their commitment to the site. The site features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 77,000 stores in 16 countries and regions, including 16,000 in North America. The property is currently being branded as a Stripes Convenience Store, but is secured and operated by 7-Eleven, Inc.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,827 SF
Building Class
C
Year Built
1987
Price
$3,273,000
Price Per SF
$855.24
Cap Rate
5.50%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.90 AC
Zoning
Commercial
Parking
18 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 200027358 | Improvements Assessment | $0 |
| Land Assessment | $164,652 | Total Assessment | $164,652 |
Property Taxes
Parcel Number
200027358
Land Assessment
$164,652
Improvements Assessment
$0
Total Assessment
$164,652
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7-Eleven | 6yrs Remaining Corp Abs NNN | 4202 S Staples St
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