7-Eleven Dripping Springs, TX

1711-A U.S. 290
Dripping Springs, TX

Price: $5,206,000
Cap Rate: 4.40%
NOI: $229,068
Building Size: Approx. 4,500 Sq. Ft.
Lot Size: Approx. 2.12 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2021

Investment Overview

  • 2021 Construction. 4,500+/- SF Building on 2.12+/- Acre Site
  • Brand New 15 Yr Corporate Absolute NNN Lease w/ 10% Rent Bumps in Yr 11
  • Located at the Signalized Intersection of W Hwy 290 & Meadow Oaks Drive (26.5K VPD)
  • Near Tractor Supply Co., Walgreens, The Home Depot, H-E-B, Subway, Pizza Hut
  • Dripping Springs is Growing at the Rapid Rate of 13.27% Annually
  • Strong Income Demos with $127,624 within a 5-mile Radius
  • Dripping Springs  |  20 Miles From Austin  |  “Wedding Capital of Texas”