Secure Net Lease, a nationally recognized brokerage firm, has announced the successful closing of a 7-Eleven property located in Caldwell, Texas. The asset was purchased by a private investor from Texas, as part of a broader depreciation strategy that has driven multiple acquisitions throughout 2024.
Edward Benton, who led the transaction, said, “A Texas-based depreciation buyer purchased this 7-Eleven in Caldwell, Texas. We’ve completed multiple 7-Eleven transactions together throughout 2024, and there are several more in the works.”
The 4,650-square-foot property is situated in a high-growth corridor with strong traffic counts and consistent demand for convenience retail. Its visibility and tenant strength made the property an ideal addition to the buyer’s investment portfolio. The site is situated in the College Station Metropolitan Statistical Area (MSA), home to Texas A&M University, the 3rd largest university in the nation with a student body of 68,000+.
“The buyer has been very reliable and motivated, and this deal is one of many we’ve successfully executed as part of an ongoing relationship” Benton concluded.
The seller benefited from Secure Net Lease’s efficient process and established relationships with ready-to-close investors. This transaction highlights Secure Net Lease’s continued ability to match motivated buyers with well-positioned net lease assets.
7-Eleven, Inc., headquartered in Irving, Texas, is the global leader in convenience retailing. The brand operates, franchises, or licenses more than 85,000 stores across 20 countries. Known for its innovation and rapid expansion, 7-Eleven continues to be one of the most trusted names in the retail landscape.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term