114 US-90 ALT
Gonzales, TX
Price:
$5,139,000
Cap Rate:
5.50%
NOI:
$282,651
Building Size:
Approx. 4,120 Sq. Ft.
Lot Size:
Approx. 1.243 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
1999 / 2020
Investment Overview
- 2020 Renovation 4,120+/- SF Building on 1.243 +/- Acre Site
- New 15-year Corporate Absolute NNN Lease with 10% rent increases in year 11 and option periods
- Strategically located just south of Interstate 10 (41k-300k VPD) in a hard corner adjacent to numerous national retailers
- As of 3/23/2020, 7-Eleven Stores Plan to Add 20K Jobs to Meet Demand
- Subject property has diesel fueling station and Laredo Taco (7-Eleven restaurant concept)
- Close proximity to San Antonio, TX (70-miles) | Approximately 50-miles from Austin, TX
- Greater San Antonio Metroplex (MSA) | Population 1.5M+ | 2nd largest population in Texas