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    119 Buddy Ganem Dr Portland, TX

    For Sale
    $7,121,000

    New construction 7-Eleven on 1.693 acre site.

    Property size:
    4,730 SF
    Lot size:
    1.87 Acres

    Property Features for 119 Buddy Ganem Dr

    General Information

    Size
    4,730 SF
    Lot size
    1.87 Acres

    Source: Secure Net Lease - Dallas Agent Edward "Ed" Benton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New 7-Eleven NNN Lease

    Under construction in 2025, this property features a 4,730 square foot building on a 1.693 acre site. It is subject to a new 15-year absolute NNN corporate lease with 7.5% rental increases every 5 years. The property is a large format 7-Eleven. Situated on the corner of TX-35/TX-181 and Buddy Ganem Dr, the location benefits from traffic counts of over 13,000 vehicles per day. It is located in a prime retail corridor of the city, across from Target, Walmart, and Academy Sports + Outdoors. The tenant, 7-Eleven, is the largest chain store operator in the world and holds an S&P rating of A. The property is located in Portland, Texas, 6 miles from downtown Corpus Christi, in a city with a population of 20,481.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Similar Places Nearby

    Target

    Map

    City
    Portland
    County
    San Patricio
    State
    Texas
    Longitude
    -97.3238805
    Latitude
    27.8772463

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    FAQs

    What type of property is this?
    Grocery and convenience store - New construction 7-Eleven on 1.693 acre site.
    Where is this grocery and convenience store located?
    The property is located at 119 Buddy Ganem Dr Portland, TX.
    What is the asking price?
    The asking price for this property is $7,121,000.
    What are key features of this property?
    This property features: - 15-year absolute NNN corporate lease with 7.5% rental increases every 5 years; - Brand new 2025 construction large format 7-Eleven; - Located in a prime retail corridor, across from Target, Walmart, and Academy Sports + Outdoors
    (713) 222-2111
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    119 Buddy Ganem Dr Portland, TX
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119 Buddy Ganem Dr Portland, TX
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