Established Robstown Convenience Store For
For Sale
$699,900
701 Lincoln Ave, Robstown, TX 78380
Profitable, turn-key convenience store in Robstown, Texas, serving the community.
Property Size2,000 SF
Price / SF$349.95
Days on Market968
Property Features for 701 Lincoln Ave
General Information
Standard status
Active
Size
2,000 SF
Listing Agency:
National One Realty
(361) 806-9004
Listed By:
Annette Scott · License #0429926
(512) 803-7889
Source:
Exprealty
Added: Jan 25, 2024
Changed: Sep 10
Last Checked: Sep 18 at 9:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of National One Realty
Investment Insights
Based on property information with market context.
Located in Robstown, Texas, near Corpus Christi, this established convenience store has been serving the area for nearly 40 years. The property is situated on a corner lot with high-traffic commercial frontage on Lincoln/US-77 Business, surrounded by a large residential community. The building is a 4-sided brick structure with a covered drive-thru, a paved parking lot, security cameras, and a metal roof. The store features over 2,000 square feet of interior space, an expanded checkout counter station, a large storeroom with custom wood shelves, and a restroom. Walls of windows provide natural light. The sale includes merchandising and display refrigeration, a vertical glass door supermarket display cooler, glass-top display freezers, reach-in refrigerators, an island beverage tub, a beer box bin, and gondola aisle display shelving. The store sells beverages, ice, candy, snacks, ice cream, food, and a variety of specialty goods. Additional income is generated from tobacco products and Texas Lottery tickets. The property has retailer permit for e-cigarettes and vaping products. The location is approximately 15 miles from Corpus Christi.
Key Highlights
- Profitable, turn‑key convenience store business with established clientele and nearly 40 years of operation.
- Prime corner location with high‑traffic commercial frontage on Lincoln/US‑77 Business, surrounded by a large residential community.
- Benefit from drive‑thru service, paved parking lot, security cameras, and four entrances from two separate roads.
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
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Profitable, turn-key convenience store in Robstown, Texas, serving the community.
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: Profitable, turn‑key convenience store business with established clientele and nearly 40 years of operation.; Prime corner location with high‑traffic commercial frontage on Lincoln/US‑77 Business, surrounded by a large residential community.; Benefit from drive‑thru service, paved parking lot, security cameras, and four entrances from two separate roads.
