7-Eleven in Austin Texas

Convenience Stores/Gas Station / Gas Station/Auto Service / 13500 Dessau Road Austin, TX 78754 , Austin Texas 78754

 
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Elan Sieder

Sands Investment Group

Office Phone: 512-649-5185

 

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Published on: Friday, April 17, 2015 11:36:21 PM
Updated on: Friday, April 24, 2015 4:15:32 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Texas-41026

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 2013

 

Building Size: 3,000 SqFt

Lot Size: 688,254 SqFt.

No of Stories: 1

No of Parking: 23430

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: 7-Eleven is the world’s largest convenience store chain with more than 50,250 stores in 16 countries, of which 10,100 are in North America. 7-Eleven also is one of the nation's largest independent gasoline retailers. Its company’s name was changed from The Southland Corporation to  7-Eleven, Inc.  after approval by shareholders on April 28, 1999.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 4.3

Commission Split (%): 0

Complete Details


Year Build: 2013

Building Size: 3,000 SqFt.

No of Stories: 1

Total Lot Area: 688254.00 SqFt.

No of Parking: 23,430

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Metal

Occupancy: 100%

Full Description


7-Eleven is the world’s largest convenience store chain with more than 50,250 stores in 16 countries, of which 10,100 are in North America. 7-Eleven also is one of the nation's largest independent gasoline retailers. Its company’s name was changed from The Southland Corporation to  7-Eleven, Inc.  after approval by shareholders on April 28, 1999.   Founded in 1927 in Dallas, Texas, 7-Eleven pioneered the convenience store concept during its first years of operation as an ice company when its retail outlets began selling milk, bread and eggs as a convenience to guests. The name 7-Eleven originated in 1946 when the stores were open from 7 a.m. to 11 p.m. Today, offering busy shoppers 24-hour convenience, seven days a week is the cornerstone of 7-Eleven's business.

Additional Properties


Property Highlights
  • New Construction 7-Eleven
  • 14 Years Remaining on Long-Term Lease
  • 10% Rental Increase Every 5 Years
  • Absolute NNN Lease
  • Corporate Guaranty from 7-Eleven
  • Optimal Location Along Major Arterial Road, 23,000+ VPD on Dessau Rd.

Attached Documents


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