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7-Eleven 901 N Airport Dr 5,300 SF 100% Leased Retail Building Weslaco, TX 78596 $13,576,718 CAD ($2,561.64 CAD/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-year absolute NNN lease to 7-Eleven, the world’s leading convenience store chain operating over 9,500 locations in the U.S
- Tenant covers all taxes, insurance, maintenance, roof, structure, and parking lot, providing a fully passive investment
- 7-Eleven’s universal brand recognition makes it a cornerstone in high-traffic locations, drawing customers across demographics
- 7.5% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth
- 7-Eleven generates over $30 billion in annual U.S. revenue, driven by iconic brands like Slurpee and Big Gulp
- Six miles from the U.S./Mexico border, allowing the site to capture significant commuter traffic
EXECUTIVE SUMMARY
Signalized Intersection: High-visibility and easily accessible location near the signalized intersection of North Airport Drive and East Expressway 83, with multiple entry/exit points allowing for maximum accessibility. Reliable Tenancy: Leased to 7-Eleven, the world’s leading convenience store chain operating over 9,500 locations in the U.S. Excellent Demographic Base: The five-mile radius serves a populous region of 108,328, with an average annual household income of
$71,556 within three miles. Major Traffic Drivers: Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, H-E-B, Lowe’s Home
Improvement, Academy Sports + Outdoors, Texas Roadhouse, and many more. Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Ideal Growth Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this 7-Eleven and Weslaco for steady concurrent growth.
$71,556 within three miles. Major Traffic Drivers: Surrounded by a strong mix of local and national retailers, including Walmart Supercenter, H-E-B, Lowe’s Home
Improvement, Academy Sports + Outdoors, Texas Roadhouse, and many more. Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Ideal Growth Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this 7-Eleven and Weslaco for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,300 SF
Building Class
C
Year Built
1997
Price
$13,576,718 CAD
Price Per SF
$2,561.64 CAD
Cap Rate
5.20%
NOI
$705,989 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
3.31 AC
Zoning
MP
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | M4010-02-001-0003-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,194,151 CAD | Total Assessment | $1,194,151 CAD |
PROPERTY TAXES
Parcel Number
M4010-02-001-0003-00
Land Assessment
$1,194,151 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,194,151 CAD
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7-Eleven | 901 N Airport Dr
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