Convenience Store with Covered
For Sale
$699,900
701 Lincoln Ave, Robstown, TX 78380
CommercialSale, Robstown, TX
Property Size2,000 SF
Lot Size0.33 Acres
Price / SF$349.95
Days on Market947
Property Features for 701 Lincoln Ave
General Information
Property type
Commercial Sale
Property subtype
Office
Security features
Security
Subdivision
HOME PLACE
Lot features
Corner Lot
Standard status
Active
APN
35250007011000
Size
2,000 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
HOME PLACE - RBST BLK 7 LOT 11&12
Legal Description
HOME PLACE - RBST BLK 7 LOT 11&12
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Building materials
Brick
Roof type
Metal
Listing Agency:
National One Realty
(361) 806-9004
Listed By:
Annette Scott · License #0429926
(512) 803-7889
Added: Jan 25, 2024
Changed: Aug 19
Last Checked: Aug 29 at 7:06PM
MLS# 434348
Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A well-established convenience and drive-thru store in Robstown, featuring a 4-sided brick building with a covered drive-thru service area and metal roof. The property sits on a 0.33-acre corner lot with paved parking and great access. The store footprint is approximately 2,000 square feet and is configured with four entrances to the store from two separate roads.
The site is located on Lincoln/US-77 Business and described as being surrounded by a large residential community. The property includes public water and public sewer service, with electric central heating and central air conditioning.
Additional provided operating detail includes a retailer permit for e-cigarettes/vaping products in place, supporting a convenience store tenant’s ability to offer those products.
The site is located on Lincoln/US-77 Business and described as being surrounded by a large residential community. The property includes public water and public sewer service, with electric central heating and central air conditioning.
Additional provided operating detail includes a retailer permit for e-cigarettes/vaping products in place, supporting a convenience store tenant’s ability to offer those products.
Key Highlights
- Covered drive‑thru service at a 4‑sided brick convenience store with metal roof
- Corner lot on Lincoln/US‑77 Business with four entrances from two separate roads
- 0.33‑acre site with paved parking and convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,306
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$706,120
$706.1K
Cap Rate 7%
$504,371
$504.4K
Cap Rate 9%
$392,289
$392.3K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.9K $24.96/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$47.1K $23.54/SF
− OpEx
−$11.8K −$5.88/SF
NOI
$35.3K $17.65/SF
Area
Nueces County, TX
Vacancy
5.70%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$706,120
Cap Rate 7%
$504,371
Cap Rate 9%
$392,289
Alternative Uses
Best Use
Specialty Retail
$504.4K
$441.3K – $588.4K
NOI $35,306 @ 7.0% cap · market cap 5.04%
Second Best
Retail
$412.8K
$361.2K – $481.7K
NOI $28,899 @ 7.0% cap · market cap 4.13%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,848 @ 7.0% cap · market cap 20.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78380, TX
23,386
Population
9,557
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
78%
High-School Grad
342.7 sq mi
ZIP Area
68
Density / Sq Mi
$59,322
Median Household Income
$34,709
Median Earnings
$1,001
Median Rent
$141,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 4-sided brick convenience store with covered drive-thru on a corner lot along Lincoln/US-77 Business.
Where is this grocery and convenience store located?
The property is located at 701 Lincoln Ave Robstown, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Covered drive‑thru service at a 4‑sided brick convenience store with metal roof; Corner lot on Lincoln/US‑77 Business with four entrances from two separate roads; 0.33‑acre site with paved parking and convenient access
