7-Eleven (Stripes)

7-Eleven (Stripes)

Corpus Christi, TX

Corpus Christi, TX

7-Eleven (Stripes)

Offered for sale is a 7-Eleven (Stripes) fuel and convenience store at 4202 S Staples St in Corpus Christi, Texas. The 3,827-square-foot building sits on 0.63 acres at the signalized hard corner of South Staples Street and Everhart Road, with combined traffic of nearly 48,400 vehicles per day. The lease is absolute net and corporately guaranteed, with roughly six years remaining, 10% escalations every five years, and two five-year renewal options.

Price $3,273,000
Cap Rate 5.50%
Building Size 3,827 sqft
Lot Size 0.63 acres
Year Built 1987
Offering Memorandum

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Absolute Net Lease with Six Years Remaining | 14-Year Operating History
  • Signalized Hard-Corner Location at South Staples Street and Everhart Road (Combined 48,367 VPD)
  • Dense Retail Corridor Anchored by Moore Plaza and La Palmera Mall
  • Corporate Guarantee — Wholly-Owned Operation of 7-Eleven, Inc.
  • Dense Trade Area With 219,046 Residents and 197,734 Daytime Population (Five-Mile Radius)
  • Corpus Christi MSA | Home to the 3rd-Largest U.S. Port and NAS Corpus Christi
  • Corpus Christi Draws Nearly 10 Million Visitors Annually
  • Property Qualifies for 100% Bonus Depreciation (Consult your Tax Professional)

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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