433 NE 8th St 5,356 SF Retail Building Premont, TX 78375 $14,030,093 CAD ($2,619.51 CAD/SF) 5.40% Cap Rate

This property features a brand-new 7-Eleven convenience store and fueling station located along U.S. Highway 281 in Premont, Texas. The site spans 3.96 acres and includes 12 fueling positions, offering excellent accessibility and visibility in a high-traffic corridor. Positioned less than one mile from Premont ISD’s K-12 campuses, the property benefits from steady local traffic and is part of the Corpus Christi-Kingsville-Alice Combined Statistical Area, which has a population exceeding 470,000 residents.
The asset is secured by an absolute NNN lease with a corporate guarantee from 7-Eleven, providing zero landlord responsibilities. The lease commenced in November 2025 and runs through November 2040, offering nearly 15 years of remaining term with 10% rent increases every five years during both the primary term and renewal options. With a cap rate of 5.35% and NOI of $550,000, this property offers a stable, long-term investment opportunity backed by a credit-rated tenant.
Premont’s strategic location along U.S. Highway 281 ensures strong connectivity to major regional markets, including Corpus Christi and San Antonio, making this site an attractive investment in a growing South Texas corridor.