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235 W Cleveland Blvd
Aransas Pass, TX 78336
7-Eleven (Stripes) · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Corporate Guarantee | Investment Grade (S&P: "A")
- Hard-Corner Location At W Cleveland Blvd (SH-35 Business) With 4 Direct Curb Cuts And Full-Access Ingress/Egress From Multiple Points
- Over 11.5+ Years Remaining On Base Term | 47-Year Operating History
- Rare 12% Rent Increases Every 5 Years In Base Term And Each Option Period - Next Increase In 2027
- Income Tax-Free State | Located In A Coastal Community Within The Corpus Christi MSA | Steady Population Growth
Executive Summary
Absolute NNN Lease | Zero Landlord Responsibilities
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,640 SF
Building Class
C
Year Built/Renovated
1979/2018
Price
$3,120,374 CAD
Price Per SF
$1,181.96 CAD
Cap Rate
5.50%
NOI
$171,600 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.01 AC
Parking
18 Spaces (6.81 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
1 of 13
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