7-Eleven Spicewood, TX

18201 State Highway 71
Spicewood, TX

Price: $7,805,000
Cap Rate: 5.00%
NOI: $390,262
Building Size: Approx. 3,145 Sq. Ft.
Lot Size: Approx. 1.72 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2020

Investment Overview

  • 2020 Construction. 3,145+/- SF Building On 1.72+/- Acre Site
  • 10-Year Absolute NNN Lease With 10% Rental Increases Every 5 Years In Both The Primary Term And Renewal Options
  • Highway Frontage Location On State Highway 71 (48,000+ VPD)
  • Affluent Austin Suburb With 1-, 3-, And 5-Mile Average Household Incomes Exceeding $135K
  • Lake Travis Community Features Top-Ranked School Systems And Several Luxury Residential Developments
  • 7-Eleven Is The World’s Largest Convenience Store Chain With 85,000+ Locations Globally
  • Spicewood, TX | Outer Austin Suburb | Population: 15,618+

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