7-Eleven San Marcos, TX

1231 East McCarty Lane
San Marcos, TX

Price: $8,088,000
Cap Rate: 5.00%
NOI: $404,416
Building Size: Approx. 4,650 Sq. Ft.
Lot Size: Approx. 1.74 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2022

Investment Overview

  • 2023 Construction. 4,650+/- SF Building on 1.74+/- Acre Site
  • Brand New 15-Yr Corporate Absolute NNN Lease w/ 7.5% Rent Bumps Every 5 Years, in both the Primary Term and Option Periods
  • Excellent Location Right Off the Intersection of E McCarty Ln & N Interstate 35 Frontage Rd (77.6K+ Combined VPD)
  • Large Format 7-Eleven: Sits on a 1.74 Acre Parcel with 40 Parking Spaces and 8 Gasoline MPDs
  • Site is Just Over 3 Miles From Texas State University, the Fifth-Largest University in Texas with Enrollment of 38K+ Students
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
  • San Marcos  |  Located In Between Austin & San Antonio  |  Population: 70,301