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7-Eleven Retail Building 11643 Research Blvd 3,650 SF 100% Leased Retail Building Austin, TX 78759 $7,196,800 CAD ($1,971.73 CAD/SF) 5.74% Cap Rate
Investment Highlights
- Both tenants operate under NNN leases with taxes, insurance, and maintenance passed through.
- 7-Eleven lease corporately guaranteed by 7-Eleven, Inc., an Investment Grade company rated "A" by S&P.
- 10% rent escalations every 5 years for 7-Eleven; 3% annual increases for iVape ATX.
- 7-Eleven has ±12.36 years remaining on its lease with three additional five-year options.
- 7-Eleven has been operating at this location since 2017 and signed a 15-year renewal.
- Direct access to U.S. Route 183 (±138,371 VPD) with a dedicated exit lane from the highway.
Executive Summary
Patrick Graham
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
3,650 SF
Building Class
C
Year Built
1982
Price
$7,196,800 CAD
Price Per SF
$1,971.73 CAD
Cap Rate
5.74%
NOI
$412,806 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.61 AC
Zoning
F1-48
Parking
8 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 7-11
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
- iVape ATX
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 7-11 | Retailer | - | - | Lorem Ipsum | Jan 0000 | |
| iVape ATX | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 478321 | Improvements Assessment | $813,367 CAD |
| Land Assessment | $1,125,901 CAD | Total Assessment | $1,939,268 CAD |
Property Taxes
Parcel Number
478321
Land Assessment
$1,125,901 CAD
Improvements Assessment
$813,367 CAD
Total Assessment
$1,939,268 CAD
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7-Eleven Retail Building | 11643 Research Blvd
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