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Stripes/7-Eleven | 5yrs Corp Abs NNN 1601 Agnes St 2,450 SF Retail Building Corpus Christi, TX 78401 $1,450,052 CAD ($591.86 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 5 Years Remaining | Options To Extend | Rental Increases
- Premier Retail Corridor | Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• The tenant, 7-Eleven (operating as Stripes), has approximately 5 years remaining on its lease with 2 (10-year) options to extend, demonstrating long-term commitment to the site
• Lease features 15% rent increase at the start of the first option and 17% rent increase at the start of the second option
• The Lease is corporate signed by 7-Eleven, Inc further enhancing the credit quality and long-term stability of the tenancy
• Lease features 15% rent increase at the start of the first option and 17% rent increase at the start of the second option
• The Lease is corporate signed by 7-Eleven, Inc further enhancing the credit quality and long-term stability of the tenancy
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,450 SF
Building Class
C
Year Built
1977
Price
$1,450,052 CAD
Price Per SF
$591.86 CAD
Cap Rate
5.75%
NOI
$83,416 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
C-5 - General Commercial District
Parking
6 Spaces (2.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 5
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Stripes/7-Eleven | 5yrs Corp Abs NNN | 1601 Agnes St
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