Log In/Sign Up
Your email has been sent.
7-Eleven 901 N Airport Dr 5,300 SF 100% Leased Retail Building Weslaco, TX 78596 $9,726,000 ($1,835.09/SF) 5.20% Cap Rate
Investment Highlights
- New 15-year absolute NNN lease to 7-Eleven, the world’s leading convenience store chain operating over 9,500 locations in the U.S
- Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment
- 7-Eleven’s universal brand recognition makes it a cornerstone in high-traffic locations, drawing customers across demographics
- 7.5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- 7-Eleven generates over $30 billion in annual U.S. revenue, driven by iconic brands like Slurpee and Big Gulp
- Six miles from the U.S./Mexico border, allowing the site to capture significant commuter traffic
Executive Summary
Signalized Intersection: High-visibility and easily accessible location near the signalized intersection of North Airport Drive and East Expressway 83, with multiple entry/exit points allowing for maximum accessibility. Reliable Tenancy: Leased to 7-Eleven, the world’s leading convenience store chain operating over 9,500 locations in the U.S. Excellent Demographic Base: The five-mile radius serves a populous region of 108,328, with an average annual household income of
$71,556 within three miles. Major Traffic Drivers: Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, H-E-B, Lowe’s Home
Improvement, Academy Sports + Outdoors, Texas Roadhouse, and many more. Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Ideal Growth Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this 7-Eleven and Weslaco for steady concurrent growth.
$71,556 within three miles. Major Traffic Drivers: Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, H-E-B, Lowe’s Home
Improvement, Academy Sports + Outdoors, Texas Roadhouse, and many more. Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Ideal Growth Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this 7-Eleven and Weslaco for steady concurrent growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,300 SF
Building Class
C
Year Built
1997
Price
$9,726,000
Price Per SF
$1,835.09
Cap Rate
5.20%
NOI
$505,752
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
3.31 AC
Zoning
MP
Nearby Major Retailers
Property Taxes
| Parcel Number | M4010-02-001-0003-00 | Improvements Assessment | $0 |
| Land Assessment | $850,680 | Total Assessment | $850,680 |
Property Taxes
Parcel Number
M4010-02-001-0003-00
Land Assessment
$850,680
Improvements Assessment
$0
Total Assessment
$850,680
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
7-Eleven | 901 N Airport Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.