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7-Eleven 447 Frontage Road 4,650 SF Retail Building Alamo, TX 78516 $7,468,000 ($1,606.02/SF) 5.40% Cap Rate
Investment Highlights
- New 15-Year Absolute NNN Corporate Lease with 7.5% Rental Increases Every 5 Years
- Located at the Southeast Corner of E Expy 83 & Tower Rd (112,000+ VPD | 7,800+ Trucks / Day)
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Large Format 7-Eleven Travel Center – New Store Includes a Laredo Taco
- Less than 1.5 Miles East of Mercadome Flea Market, the Largest Flea Market in the Rio Grande Valley
- Alamo | Located in the Rio Grande Valley | RGV Population: 1.4M+
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
B
Year Built
2022
Price
$7,468,000
Price Per SF
$1,606.02
Cap Rate
5.40%
NOI
$403,253
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.64 AC
Frontage
263’ on North Tower Road
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | A1800-00-037-0006-00 | Improvements Assessment | $0 |
| Land Assessment | $4,487 | Total Assessment | $4,487 |
Property Taxes
Parcel Number
A1800-00-037-0006-00
Land Assessment
$4,487
Improvements Assessment
$0
Total Assessment
$4,487
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7-Eleven | 447 Frontage Road
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