7-Eleven

7900 Boca Chica Blvd, Brownsville, TX 78521

7-Eleven

Price $6,200,000
CAP Rate 5.00%
Lease Term 13+ Years
Net Operating Income (NOI) $310,788

Property Data

Building Size (SF) 4,842 SF
Land Size (AC) 2.12 AC
Year Built2023

Tenant(s) 7-Eleven
Guaranty Corporate
Lease Type Abs. NNN

Landlord Responsibilities None
Increases 10% Year 11 & Every Option Period

Options 5 x 5 Yr
Rent Commencement July 1, 2023
Lease Expiration July 31, 2038

Offering Memorandum

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About Property

STONECLIFF is pleased to present the exclusive listing for a 7-Eleven located at 7900 Boca Chica Blvd in Brownsville, TX. The site consists of roughly 4,842 rentable square feet of retail space on an estimated 2.12-acre parcel of land. This 7-Eleven is subject to a 15-year Absolute Triple Net (NNN) Lease. The annual rent is $310,788 with scheduled 10% increases every 5 years, starting in Year 11 and continuing through the option periods.

Investment Highlights

Newer 15-Year Lease | Scheduled Rent Increases | Corporate Guarantee | Absolute NNN • 7-Eleven signed a 15-year lease in 2023 (13+ Years Remaining) with five, 5-year options to extend • Corporate Guarantee: Backed by 7-Eleven, Inc., the leader in the convenience retailing industry • No Landlord Responsibilities: Absolute NNN lease ensures tenant covers all taxes, insurance, CAM, and maintenance, making this a management-free, passive investment • Steady Income Growth: Features a 10% rental increase in Year 11 and every five years during renewal options, offering a reliable hedge against inflation
Prime Location | Strong Traffic Counts | SpaceX Starbase | Port of Brownsville • High Visibility & Traffic Counts: Hard corner location at a signalized intersection on Boca Chica Boulevard, with over 40,000 vehicles per day • 20 Minutes from SpaceX Starbase: Positioned near SpaceX’s stateof- the-art facility, a global hub for aerospace innovation and a magnet for high-tech professionals, tourism, and related industries • 5 Minutes from the Port of Brownsville: The Port, one of the largest land-owning public ports in the nation, supports billions in annual trade and serves as a crucial link for manufacturing and logistics. • Upcoming LNG Facility: The nearby $6 billion Texas LNG project will generate 40,000+ jobs, boosting local economic activity and increasing demand for commercial amenities like 7-Eleven