Secure Net Lease Closes Sale of Round Rock Advance Auto Parts

Secure Net Lease, a nationally recognized brokerage firm, successfully completed the sale of an Advance Auto Parts property located in Round Rock, Texas. The property was acquired by a local Texas-based investor executing a 1031 exchange—marking the third net lease acquisition the buyer has made with the same developer through Secure Net Lease.

The agent who led the transaction, Anthony Pucciarello, commented, “This Advance Auto Parts in Round Rock was purchased by a local Texas-based investor completing a 1031 exchange. He’s actually the same buyer who previously acquired the Advance Auto Parts and Starbucks in Hondo, TX, also from the same developer and through our team.”

The Round Rock Advance Auto Parts location features a 6,882-square-foot building on a prominent retail corridor within one of the fastest-growing cities in the Austin metropolitan area. Round Rock, often noted for its booming population and business-friendly environment, is home to major employers such as Dell Technologies and draws continued retail expansion due to its robust demographic trends and economic growth.

“He had a strong interest in this Round Rock location from the start—we went under contract while the building was still under construction. It was a smooth, straightforward transaction, and we didn’t even need to fully take it to market because it immediately caught his attention” Pucciarello concluded.

This transaction closed in an all-cash deal and reflects a continuing trend of local investors seeking recession-resistant, single-tenant net lease investments, particularly those backed by nationally recognized brands with solid credit and long-term leases.

Advance Auto Parts, headquartered in Raleigh, North Carolina, is a leading automotive aftermarket parts provider serving both professional installer and do-it-yourself customers. With thousands of stores across the U.S., the company has maintained its reputation for reliability and service in a highly competitive sector.

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.

Secure Net Lease Closes Sale of 7-Eleven in DFW

Secure Net Lease, a nationally recognized brokerage firm, successfully arranged the sale of a 7-Eleven in Heartland, Texas. The property was acquired by a repeat private investor from Monterey, CA, as part of a 1031 exchange.

The agent who orchestrated the deal, Edward Benton, said, “A repeat exchange buyer recently acquired this 7-Eleven in Heartland, marking our second successful transaction with him. This was an all-cash, lower-price-point deal as part of his 1031 exchange.”

This 7-Eleven property is a 4,872-square-foot convenience store situated at 6604 FM 741 in Heartland, TX. It is positioned at a hard corner location with significant traffic exposure—serving as the entrance to Heartland from I-20, which sees over 41,100 vehicles per day. The surrounding trade area boasts strong income demographics, with median household income exceeding $93,600 within five miles. The property is also near several schools, including Barbara Walker Elementary School, Hollis T. Dietz Elementary School, the Goddard School, and Crandall Middle School.

Heartland is a 2,100-acre master-planned community that attracts families seeking a balance between nature and city life. The area continues to experience strong demand, given its location within the DFW Metroplex—one of the fastest-growing regions in the U.S., with a population exceeding 7.6 million.

“Last February, we sold him another 7-Eleven in the Dallas-Fort Worth area. Thanks to the trust we built in that first transaction, this deal was exceptionally smooth” Benton concluded.

The deal highlights Secure Net Lease’s ability to facilitate seamless transactions between repeat buyers and high-quality net lease investments.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises, and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

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.

Bob Moorhead Named 2025 Influencer in Net Lease Real Estate by GlobeSt

We are proud to announce that Bob Moorhead, Managing Partner and founding member of Secure Net Lease, has been named one of GlobeSt.’s Influencers in Net Lease Real Estate for 2025. Selected as one of only 19 distinguished professionals nationwide, Bob’s inclusion reflects his tremendous impact on the sector through visionary leadership, strategic innovation, and a remarkable track record of success.

Each year, GlobeSt. recognizes individuals, teams, and firms that have made meaningful contributions to the net lease field—those whose efforts have helped shape the industry’s present and future. Despite market fluctuations and a general slowdown in commercial real estate transactions, the net lease space continues to attract investor interest for its stability and returns. Within this dynamic landscape, Bob Moorhead has consistently demonstrated the influence and foresight necessary to thrive and lead.

With more than 1,635 completed transactions totaling over $7.4 billion in value since 2011, Bob has established Secure Net Lease as a dominant force in the net lease sector. Notably, he facilitated a $237 million sale-leaseback deal involving Allsup’s convenience stores, a key component of a broader $1 billion acquisition between Yesway and Allsup’s. His strategic leadership has also driven over $2.1 billion in convenience store transactions, partnering with major brands such as 7-Eleven, Wawa, Circle K, and QuikTrip.

Beyond dealmaking, Bob is a respected leader who actively shares market insights, including guidance on navigating interest rate shifts and identifying tax-driven opportunities. His early recognition of the benefits of Bonus Depreciation allowed Secure Net Lease to create tailored lease structures that delivered lower rents, higher property values, and significant tax savings.

Bob will be profiled on GlobeSt.com and honored at the annual Net Lease Spring conference in New York City on April 2, 2025. Please join us in congratulating Bob Moorhead on this well-deserved recognition!

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Edward Benton Facilitates Sale of Large Format 7-Eleven in Austin MSA

Secure Net Lease, a nationally recognized brokerage firm, successfully closed the sale of a 7-Eleven in Georgetown, Texas, located just north of Austin. The property was sold in an all-cash transaction to a private investor from San Diego, CA, who was motivated by a 1031 exchange.

The agent who facilitated the deal, Edward Benton, commented, “You don’t see a lot of these assets on the market, so the buyer was eager to secure a spot in the Austin area. We had a strong existing relationship with them, and when another site didn’t work out, we were able to seamlessly transition them to this Georgetown 7-Eleven.”

The 4,190-square-foot 7-Eleven sits on 1.49 acres on Williams Drive in Georgetown, TX, on a signalized, hard-corner location with over 23,900 vehicles per day. The site features 14 parking spaces and 8 gasoline MPDs, making it a high-traffic convenience and fuel destination. 

“It was a smooth transaction—we achieved strong pricing, and once it was under contract, they closed all-cash. They enjoy working with us because we make the process easy, and this deal was no exception.” Benton concluded.

Georgetown is a rapidly growing suburb of Austin, strategically positioned along Interstate 35, the major corridor between Dallas and San Antonio. The area has seen significant economic expansion, including the recent development of GAF Energy’s new 450,000-square-foot solar manufacturing facility, expected to bring over 265 jobs to the area. The adjacent H-E-B Plus expansion further underscores the area’s strong retail demand.

This transaction highlights Secure Net Lease’s expertise in sourcing motivated 1031 exchange buyers and securing premium pricing for high-performing net lease assets in competitive markets.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

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.

Episode 4 – Retail Recap: Navigating the Financial Terrain

In this episode, hosts Jeremy Mercer, Will Narduzzi, Rob Franks, and Secure Net Lease’s Bob Moorhead dive deep into the current dynamics shaping the commercial real estate landscape, particularly retail and industrial assets. They cover everything from market shifts and tenant performance to zoning challenges and creative lease strategies. 

Key Topics Covered:

Retail Tenant Performance

  • Starbucks continues to oversaturate the market, but non-triple-net leases turn off investors.
  • Chipotle remains a strong performer with long-term, true NNN leases.
  • 7-Eleven is balancing its traditional convenience model with expansion into truck-stop formats.

Capital Markets & Bonus Depreciation

  • 100% bonus depreciation may return by mid-year, potentially unlocking more buyer demand.
  • Cap rates have widened slightly but remain attractive for credit tenants with long-term leases.

Distressed Assets & Reuse Strategies

  • Walgreens/CVS closures present backfill challenges; some owners are exploring creative reuses.
  • Bankruptcies like Party City and JoAnn are generating short-term leasing and redevelopment opportunities.

Winners & Losers in Retail Expansion

  • Whataburger, Velvet Taco, Aldi, and Sprouts are growing, while chains like On The Border, Red Lobster, and Denny’s are shrinking or filing BK.

Industrial Hurdles & Zoning Friction

  • Costly zoning overlays and surfacing requirements (especially in cities like Haltom and Frisco) complicate deals and increase timelines.
  • Zoning-by-right assets are heavily favored in the current environment.

Urban Redevelopment

  • Neiman Marcus’s downtown Dallas closure is a major cultural and retail loss.
  • Redevelopment of aging malls like Willow Bend points to continued demand for mixed-use, residential, and experiential reuse.

This episode offers a wide-ranging and candid look at the evolving landscape of commercial real estate, blending market data, boots-on-the-ground deal experience, and plenty of real estate “war stories” that investors, brokers, and developers will appreciate.

 

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SNL Facilitates All-Cash Sale of 7 Brew in Colorado

Secure Net Lease, a nationally recognized brokerage firm, successfully completed the sale of a 7 Brew Coffee location in Montrose, Colorado. The property was sold in an all-cash transaction to a private investor from Chico, CA who was motivated by a 1031 exchange.

The agent who facilitated the deal, Kyle Varni, commented, “It was a pretty straightforward and smooth process. We ultimately found a California buyer through an exchange, and it was an all cash deal. He owns a home in Telluride and visits the area frequently, so he’s very familiar with the real estate market there. Once we went under contract, the transaction was incredibly smooth.”

The 7 Brew Coffee property is a 510-square-foot drive-thru-only building situated at 1433 Encanto Place, Montrose, CO. The site benefits from high visibility at a hard corner location, with excellent traffic counts. Montrose County is a well-known destination for outdoor activities, drawing tourists year-round. Additionally, Montrose serves as a gateway to Telluride, which is only 40 miles away.

The buyer, a private investor from Chico, CA, was already well-acquainted with the Montrose and Telluride markets due to his frequent visits to the area. His familiarity with the region, combined with the growth of 7 Brew Coffee, made this investment particularly attractive.

This sale highlights Secure Net Lease’s expertise in identifying and matching premium net lease investment opportunities with motivated buyers. The transaction underscores the strong demand for high-traffic, drive-thru retail properties, particularly in tourist-driven markets like Montrose, Colorado.

Unlike most coffee chains, 7 Brew’s unique business model centers solely on drive-thru business, with no interior sit-down space in their compact 500-square-foot stands. Since 2017, 7 Brew has grown to over 210 locations in 26 states and continues to expand rapidly with a recent investment from Blackstone, the world’s largest commercial RE owner.

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.

Secure Net Lease Sells DFW 7-Eleven

Secure Net Lease, a nationally recognized brokerage firm, orchestrated the sale of a 7-Eleven in Saginaw, Texas, just outside of Fort Worth. The property was sold in an all-cash transaction to a private buyer from Las Vegas, NV motivated by Bonus Depreciation.

The agent who orchestrated the deal, Edward Benton, said “I sourced an all-cash private investor buyer who was highly motivated by Bonus Depreciation benefits. The buyer quickly recognized the value of this 7-Eleven because of its proximity to Fort Worth.” 

This large format 7-Eleven store is a 4,088 square-foot building that sits on 1.44 acres on an irreplaceable hard corner that sees over 26,440 vehicles per day. The site features 21 parking spaces and 8 MPDs. It is only 6 miles from Downtown Fort Worth, just north of Interstate 820, which sees over 112,994 vehicles per day. Interstate 820 is a loop around Fort Worth that forms part of the larger Interstate 20 system. 

“The buyer moved quickly to secure the asset at full list price, demonstrating strong demand for well-located, income-producing net lease investments,” Benton concluded.

The sale of this 7-Eleven in Saginaw, Texas, highlights the strong demand for well-located net lease investments, particularly those offering attractive tax advantages like Bonus Depreciation. With its strategic positioning near Fort Worth and strong traffic counts, the property presented an attractive investment opportunity for the buyer. Secure Net Lease’s ability to match motivated buyers with premium retail properties highlights the firm’s expertise in navigating the net lease market.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

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.

I sourced an all-cash private investor buyer who was highly motivated by Bonus Depreciation benefits.

Episode 3 – Retail ReCap: ICSC 2025 Live Coverage

In this episode, hosts Jeremy Mercer, Will Narduzzi, Rob Franks, and Secure Net Lease’s Bob Moorhead, along with guest Travis Alvarado from Velvet Taco and Matt Peterson from Estacado Interests, discuss current trends in retail and restaurant real estate while broadcasting live from the ICSC Red River event floor.

Key topics include:

  • Retail & Restaurant Market Trends
    • Post-pandemic real estate availability
    • Omnichannel strategies and experiential retail
    • Rising construction and operational costs
  • Velvet Taco’s Growth Strategy
    • Currently at 45 locations, expanding into Arizona, Florida, North Carolina, and Tennessee, with potential moves into Denver, Salt Lake City, and Las Vegas
    • Moving away from a rigid prototype model
    • Labor costs in high-wage states and how they are influencing market entry decisions
  • Regional Market Differences
    • Dallas, Houston, and Austin offer more expansion flexibility
    • Chicago and other older cities pose challenges due to expensive construction and strict labor regulations
    • Brands like Starbucks and McDonald’s are moving into smaller markets
  • The Role of ICSC & Industry Networking
    • Face-to-face deal-making at ICSC accelerates transactions
    • Networking opportunities help retailers, developers, and brokers align on real estate strategies and leasing deals

This episode highlights how adaptability, strategic flexibility, and in-person networking are crucial for success in the post-pandemic retail real estate market. Retailers and developers must stay ahead of trends, control costs, and be open to new market opportunities to thrive in 2025.

New episodes drop once a month, so tune in for your monthly dose of retail updates and commentary!

 

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SNL Sells Virginia 7-Eleven to 1031 Buyer from New York

Secure Net Lease, a nationally acclaimed brokerage firm, facilitated the sale of a newly constructed 7-Eleven in an affluent area of Hampton, Virginia. The property was sold to a private buyer from New York motivated by a 1031 exchange.

The agent who facilitated the deal, Matthew Scow said “This is a prime relocation site, with over 40 years of successful operations, which shows huge commitment to this prime trade area in Virginia.” 

This 7-Eleven site is a 4,650 square-foot building that sits on 1.16 acres at a signalized intersection that sees over 22,000 vehicles per day. The property is located 4 miles from Langley Air Force Base and 5 miles from Newport News Shipbuilding, the largest employer in Virginia. Hampton, VA is also home to 4 colleges: Hampton University (3,250 students), Old Dominion University (24,000 students), Christopher Newport University (4,500 students), and Virginia Wesleyan University (1,250 students).

“After reaching an agreement, the buyer went non-refundable and we successfully navigated the escrow process to secure the necessary financing and close the deal at a favorable cap rate,” Scow concluded.

The successful sale of this 7-Eleven property highlights Secure Net Lease’s expertise in delivering value to clients. With its prime location, long-standing operational history, and proximity to major economic drivers and educational institutions, the property represents a solid investment in the growing Hampton area. This transaction underscores the firm’s ability to identify high-potential opportunities and provide seamless brokerage services to its clients.

7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.

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.

Episode 2 – Retail ReCap Podcast: The Final Checkout of 2024

In the second episode of Retail Recap, titled “The Final Checkout of 2024: Retail Insights,” hosts Jeremy Mercer, Will Narduzzi, Rob Franks, and Secure Net Lease’s Bob Moorhead dive into the world of retail. From national trends to local developments, we’re here to give you the inside scoop on what’s driving the industry. 

Key topics include:

  • Cap rates and supply trends from national retailers such as 7-Eleven, Chipotle, Starbucks, and others
  • The rise of experiential retail
  • The integration of advanced technologies such as AI
  • Retailer expansion plans

The episode also examines the challenges retailers faced, including supply chain disruptions and shifting consumer behaviors, and discusses strategies employed to adapt to the rapidly evolving market landscape. This comprehensive analysis provides valuable insights for industry professionals and enthusiasts looking to understand the dynamic retail environment.

New episodes drop once a month, so tune in for your monthly dose of retail updates and commentary!

 

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