Corpus Christi, TX - 7-Eleven (Stripes)
$1,043,000
1601 Agnes St, Corp Christi, TX 78404
5.75
Cap Rate
60,000
NOI
Details:
Description:
• The tenant, 7-Eleven (operating as Stripes), has approximately 5 years remaining on its lease with 2 (10-year) options to extend, demonstrating long-term commitment to the site
• Lease features 15% rent increase at the start of the first option and 17% rent increase at the start of the second option
• The Lease is corporate signed by 7-Eleven, Inc further enhancing the credit quality and long-term stability of the tenancy
• The property is strategically located along Agnes Street, a heavily traveled corridor linking directly to I-37 (53,500 VPD) and Highway 286 (79,700VPD)
• Excellent visibility and access with multiple points of ingress/egress
• Surrounded by top national retailers including H-E-B, Dollar General, Papa John’s, U-Haul, Holiday Inn, Red Roof Inn, and White Cap
Location
Gallery