Edward Benton Facilitates Sale of Large Format 7-Eleven in Austin MSA
SNL Orchestrates Transaction with West Coast 1031 Buyer
Secure Net Lease, a nationally recognized brokerage firm, successfully closed the sale of a 7-Eleven in Georgetown, Texas, located just north of Austin. The property was sold in an all-cash transaction to a private investor from San Diego, CA, who was motivated by a 1031 exchange.
The agent who facilitated the deal, Edward Benton, commented, “You don’t see a lot of these assets on the market, so the buyer was eager to secure a spot in the Austin area. We had a strong existing relationship with them, and when another site didn’t work out, we were able to seamlessly transition them to this Georgetown 7-Eleven.”
The 4,190-square-foot 7-Eleven sits on 1.49 acres on Williams Drive in Georgetown, TX, on a signalized, hard-corner location with over 23,900 vehicles per day. The site features 14 parking spaces and 8 gasoline MPDs, making it a high-traffic convenience and fuel destination.
“It was a smooth transaction—we achieved strong pricing, and once it was under contract, they closed all-cash. They enjoy working with us because we make the process easy, and this deal was no exception.” Benton concluded.
Georgetown is a rapidly growing suburb of Austin, strategically positioned along Interstate 35, the major corridor between Dallas and San Antonio. The area has seen significant economic expansion, including the recent development of GAF Energy’s new 450,000-square-foot solar manufacturing facility, expected to bring over 265 jobs to the area. The adjacent H-E-B Plus expansion further underscores the area’s strong retail demand.
This transaction highlights Secure Net Lease’s expertise in sourcing motivated 1031 exchange buyers and securing premium pricing for high-performing net lease assets in competitive markets.
7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
