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
  • Approx. 9 Years Remaining on Absolute NNN Lease with 10% Rental Increases Every 5 Years in Primary Term and (4) 5-Year Options.
  • Strong State Highway Location with 48,000+ VPD
  • Affluent Austin Suburb w/ Average HH Incomes Exceeding $158,000 in 3-Mile Radius
  • Lake Travis Community – Features Top Ranked School Systems and Several Massive Luxury Residential Developments
  • 7-Eleven Is the Largest Convenience Store Chain in the World With 86,000 Stores
  • Spicewood, TX | 20 Miles from Downtown Austin | Population: 12,416+

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