7-Eleven Gonzales, TX

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