7-Eleven (Stripes) C-Store

1610 South F Street, Harlingen, TX

$5,964,900

Price

5%

Cap Rate

$298,245

NOI

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Street
Map
Overview
Cap Rate
5%
NOI
$298,245
Cash-on-Cash
5%
Building Size
4,842 sqft
Lot Area
2.46 acres
Occupancy
100%
Class
A
Lease Type
Absolute Net
Year Built
2023
Tenancy
Single
Investment Strategy
Core
Lease Expire Year
11-1-38
Description

The subject property is a single tenant Stripes (7 Eleven) convenience store located in Harlingen, Texas. Stripes is owned by industry leader, 7 Eleven Inc. who guarantees the lease. The property consists of a ± 4,842 sf retail convenience store, with 8 MPDs under canopy, on ± 2.46 acres of land. Included within the building is 7 Eleven’s proprietary, Laredo Taco Company Tex-Mex restaurant. This is a relocation store of a successful smaller store nearby who’s lease is near expiration. The tenant anticipates this to be a very high volume location based on historical sales and the fiercely loyal customer base Stripes enjoys in the Rio Grande Valley. Stripes encompasses the entire triangular parcel bounded by Expressway 83, F Street and Botts Park Drive. Harlingen is one of the larger cities in the Rio Grande Valley and one of the top markets for Stripes.

Highlights
  • CREDIT INVESTMENT / S&P RATING: "A"
  • NEW 7-ELEVEN RELOCATION STORE
  • RELOCATION STORE
  • AT ENTRANCE TO EXPRESSWAY 83
  • FIFTEEN YEAR, ABSOLUTE NET LEASE W/ INCREASES
Documents
Title
Stripes_Harlingen_Texas.pdf
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Location
Gallery