Austin, TX - 7-Eleven

Description:

• The tenant, 7-Eleven, recently executed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 and at the beginning of each option to extend, increasing the NOI and providing a hedge against inflation
• 7–Eleven, Inc. is the premier name in the convenience-retailing industry. Based in Irving, Texas, 7–Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada

• 7-Eleven is located at the signalized, hard corner intersection of E 51st Street and Manor Road averaging 43,800 VPD
• Next to the Mueller Tower District; the 700-acre Mueller community, a redevelopment of the former Robert Mueller Municipal Airport, is an award-winning, master-planned urban village in central east Austin just three miles from downtown Austin. The community is designed to be a transit-oriented and pedestrian-friendly model of new urbanism and sustainability (click HERE for more info)
• The immediate trade area is supported by a dense residential population, providing a direct consumer base from which to draw
• Austin, TX consistently ranks in the top 3 for the nation’s fastest-growing metropolitan cities