Available For Sale - Retail

5,292 SF | Show Pricing $

LISTED BY

Michael Matusik
Prime Net Lease, 800-948-1250

AVAILABILITY DETAILS

Size
5,292 SF
Price/SF
Show Pricing $
Listing ID
SA556537
Notes
Prime Net Lease is pleased to present a high performing 7-Eleven located in Austin, Texas. There are currently 8+ years remaining on the current corporately guaranteed Aboslite NNN Leasehold with Four, 5-year options left. The lease features 10% rental increases every 5 years, which continue through each option, to help hedge against inflation.



This 7-Eleven is highly visible as it is strategically positioned in Austin, TX. There are several large retail centers close by that help drive traffic to the site including Dollar Tree, Advance Auto Parts, HEB, Lowe's, CVS, Big Lots, Walmart, Home Depot, McDonald's, Twin Peaks, Taco Bell, Church's Chicken, Domino's, and many many more. Austin is the capital city of the U.S. state of Texas, as well as the seat and most populous city of Travis County, with portions extending into Hays and Williamson counties. it is the 10th-most populous city in the United States, the fourth-most populous city in Texas, and the second-most populous state capital city. It has been one of the fastest growing large cities in the United States since 2010. Austin is the southernmost state capital in the contiguous United States and is considered a Beta-level global city as categorized by the Globalization and World Cities Research Network.



This location was the first North Texas-area Evolution Store outside of Dallas County. Each new generation of 7-Eleven Evolution Stores set a new benchmark for convenience retailing. Each 7-Eleven Evolution Store is an experiential testing ground where customers can try and buy the retailer’s latest innovations in a pioneering store format. While all Evolution Stores include a restaurant concept, no two locations are exactly alike as the retailer continues to tweak the design and product mix based on customer feedback and shopping habits. The most popular features, however, have become staples that knowing customers seek out. In addition to the Laredo Taco Company taqueria, the Prosper 7-Eleven Evolution Store offers an assortment of exclusive products, services and features customized to the neighborhoods and customers they serve. The most popular features include self-serve specialty espresso coffee drinks, on-tap novelty beverages, cookies and croissants baked fresh in store, a wide selection of national brand skincare and makeup items, and the Wine Cellar and Beer Cooler, dedicated to an enhanced and expansive selection of wine and beer.



7-Eleven, Inc., the Irving, Texas-based C-Store chain, operates, franchises and/or licenses over 75,000 stores in 16 countries, including approximately 14,000 locations in North America, making it the largest convenience retailer in the world.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Michael Matusik, Prime Net Lease