Secure Net Lease Closes Sinton, TX 7-Eleven with Repeat Depreciation Buyer
Edward Benton Matches Strategic Investor with Premium Texas Asset
Secure Net Lease, a nationally recognized brokerage firm, has announced the successful closing of a 7-Eleven property located in Sinton, Texas. The deal was completed with a repeat private investor from Texas, who was motivated by depreciation benefits and has actively acquired multiple 7-Eleven assets throughout 2024.
Edward Benton, who completed the transaction, shared, “This 7-Eleven in Sinton, Texas was acquired by a depreciation-motivated buyer based in Texas. I’ve closed several 7-Eleven deals with them in 2024, and we already have more in the pipeline.”
The Sinton location comprises 4,650 square feet and is strategically positioned along a high-traffic thoroughfare in a growing South Texas market. Sinton, Texas is located about 20 Miles North of Corpus Christi, the 8th most populous city in Texas. Sinton benefits from the 316,240+ residents of Corpus Christi, helping to employ the oil industry of South Texas. The store’s visibility, access, and strong convenience-based demand made it an attractive opportunity for the buyer.
“They’ve been a great buyer to work with, and this transaction is just one of many we’ve successfully completed together” Benton concluded.
The seller benefited from Secure Net Lease’s streamlined closing process and strong buyer relationships. This transaction further illustrates Secure Net Lease’s ability to pair repeat, qualified buyers with high-performing net lease assets in prime markets across the country.
7-Eleven, Inc., headquartered in Irving, Texas, is the global leader in convenience retailing. The brand operates, franchises, or licenses more than 85,000 stores across 20 countries. Known for its innovation and rapid expansion, 7-Eleven continues to be one of the most trusted names in the retail landscape.
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
