La Feria, TX - 7-Eleven

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN leased 7-Eleven (dba Stripes) investment property located in La Feria, TX. The tenant, 7-Eleven, Inc., has over 10 years remaining on its lease with 5 (5-year) extension options and 7.5% rental increases every 5 years throughout the initial term and option periods. The absolute NNN lease features zero landlord responsibilities, providing an ideal passive investment opportunity. 7-Eleven is the world’s largest convenience store chain with over 85,000 locations worldwide and more than $82 billion in revenue. According to Placer.ai, the property generates approximately 674,400 annual visits and attracts 109,100 annual visitors, ranking #1 out of 132 Stripes locations nationwide and #1 out of 129 in Texas based on visits. Additionally, the property’s gas station and convenience store improvements may offer qualifying investors accelerated depreciation and potential 100% bonus depreciation benefits, subject to applicable tax regulations.

The property is strategically positioned at the hard corner intersection of West Expressway 83 and N Main Street (18,400 combined VPD), with excellent visibility to Interstate 2 (64,100 VPD). The site features an 8-pump gas station, 3 high-speed diesel pumps, commercial vehicle parking, and an on-site Laredo Taco Co., enhancing its appeal as a regional travel center. Nearby national retailers include McDonald’s, Whataburger, Burger King, and Dairy Queen. The property is also near La Feria High School and William B. Green Junior High School, with a combined enrollment of approximately 1,400 students. The 5-mile trade area includes over 32,000 residents and an average household income exceeding $84,000.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003aTcsYAE