7-Eleven NNN Property For Sale — Brownsville, TX
SEC Price Rd & Paredes Line Rd, Brownsville, TX 78521
This newly constructed 7-Eleven offers an investor the opportunity to acquire a passive income stream with zero landlord responsibilities, benefiting from a brand new 15-year triple net (NNN) lease set to open in 2021. The property features strong corporate guarantee from 7-Eleven, which boasts over 69,000 locations worldwide and an AA- (S&P Rated) credit rating. Strategically located at the corner of East Price Road and Paredes Line Road, the site benefits from dual access and a combined traffic count exceeding 35,600 VPD. The dense population features over 114,375 residents within a 3-mile radius. The property is less than 3 miles from Texas Southmost College, serving over 10,000 students, and minutes from several schools and the Brownsville ISD Administrative Buildings, ensuring ample…
- Address: SEC Price Rd & Paredes Line Rd, Brownsville, TX 78521
- Asking price $5.68M
- 4.50% cap rate
- NOI $255,700
- 15 years remaining
- NNN lease
- Year built: 2020
- Building size: 4,650 SF
- Lot size: 1.83 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This 7-Eleven property is at SEC Price Rd & Paredes Line Rd in Brownsville, Texas.
Asset type: Retail