NEW Corporate 7-Eleven Bagby Avenue & Corporation Pkwy, TX

Bagby Avenue & Corporation Pkwy, TX

Price: $11,395,000
Cap Rate: 5.10%
NOI: $581,134
Building Size: Approx. 4,650 Sq. Ft.
Lot Size: Approx. 3.42 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2024

Investment Overview

  • 2024 Construction. 4,650+/- SF Building on 3.42+/- Acre Site
  • Brand New 15-Year Corporate NNN Lease with 7.5% Rental Increases Every 5 Years in Both the Primary Term and Option Periods.
  • Large Format 7-Eleven – Sitting on a Large 3.42 AC Parcel, New Store Features a Diesel Fuel Terminal, 41 Parking Spaces, and 8 MPDs.
  • Located at the NEC of Bagby Avenue (23,733+ VPD) and Corporation Parkway (12,586+ VPD), Just Half a Mile from Interstate 35 and Highway 6, and 4 Miles from Baylor University in Waco.
  • Adjacent to an Amazon Fulfillment Center (over 700,000 SF, 1,000+ Jobs) and Baylor Scott & White Medical Center – Hillcrest (260-Bed Full-Service Hospital). Waco, TX, Boasts the Second Highest Job Growth in Texas, With a Predicted 38.3% Increase over the Next Ten Years.
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
  • Waco | Halfway Between Dallas & Austin | Population: 136,800+

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