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Corpus Christi, TX - 7-Eleven

$2,836,000

3201 S. Padres Island Drive, Corpus Christi, TX 78415

Active
Last Updated: 06/24/2026

5.5

Cap Rate

156,000

NOI

Details:
Cap Rate:    5.5%
NOI:    $156,000
Building Size:    2,946 sqft
Lot Area:    0.52 acres
Occupancy:    100%
Year Built:    1987
Zoning:    Commercial
Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment grade (S&P: A), 7-Eleven investment property located in Corpus Christi, Texas. The tenant, 7-Eleven, Inc., has over 6 years remaining on their lease term with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The site features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation. The lease is corporate signed by 7-Eleven, Inc. (S&P: A) and is an absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property is currently being branded as a Stripes Convenience Store, but is secured and operated by 7-Eleven, Inc.

7-Eleven is located near the signalized, hard corner intersection of Kostoryz Rd and S Padre Island Dr, averaging a combined 36,900 vehicles passing by daily. The property also benefits from being located directly on an exit road of Texas State Highway 358 (161,800 VPD). The site is equipped with a large pylon sign, creating excellent visibility along both S Padre Island Dr and State Highway 358. The subject property is located in close proximity to a variety of national/credit tenants including Walmart Supercenter, H-E-B, Walgreens, McDonald’s, Family Dollar, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Moreover, 7-Eleven is located less than 1.5 miles from the SH 286 and SH 358 interchange, averaging a combined 277,000 VPD. The site is walking distance from Lexington Manor Apartments (153 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a population of over 203,500 with an average household income of $82,930.

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