7-Eleven

  • $10,130,000

Overview

  • 7-Eleven
    Tenant(s)
  • $10,130,000
    Price
  • 5.25%
    CAP Rate
  • $531,805
    Net Operating Income (NOI)
  • 15 Years
    Lease Term
  • 7.50% Every Five Years
    Increases
  • Abs. NNN
    Lease Type
  • February 2024
    Rent Commencement
  • February 2039
    Lease Expiration
  • 4 x 5 Yr
    Options
  • 4,650
    Building Size (SF)
  • 2024
    Year Built
  • 4.48
    Land Size (AC)
  • Corporate
    Guaranty
  • None
    Landlord Responsibilities

Description

STONECLIFF is pleased to present the exclusive listing for a 7-Eleven located at 12475 Hwy 188, Sinton, TX 78387. The site consists of roughly 4,650 rentable square feet of retail space on an estimated 4.48-acre parcel of land. This 7-Eleven is subject to a 15-year Absolute Triple Net (NNN) Lease with 13+Years Remaining. The annual rent is $531,805 with scheduled 7.50% rental increase Every Five Years in Primary Term and Option Periods.

    • Situated just off of Highway 89, a key corridor connecting Corpus Christi to San Antonio, offering high visibility and regional access. 
    • Surrounded by established tenants including Dairy Queen, Whataburger, H-E-B, Dollar General, O’Reilly Auto Parts, Subway, Valero, and more. 
    • Only 20 miles north of the 8th most populated city in Texas, capturing both local and regional traffic. 
    • Corpus Christi’s industrial petrochemical, and port sectors drive population and employment growth in Sinton and surrounding communities. 
    • The property is adjacent to Sinton High School with a student enrollment exceeding 2,014 students. 

Property Documents

7-Eleven_TX_Sinton

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