Bubba’s Lucky Store Convenience
For Sale
$350,000
905 S 7th St, Harlingen, TX 78550
Operational retail business with prepared-food service, merchandise fixtures, and on-site parking.
Property Size2,622 SF
Price / SF$133.49
Days on Market123
Property Features for 905 S 7th St
General Information
Standard status
Active
Size
2,622 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,026
Amenities
modern tile flooring
ample parking
street-front signage
Listing Agency:
Element Realty, LLC
(956) 624-7036
Listed By:
Deborah Agyekum-Bimpong
(956) 530-7922
Source:
Exprealty
Added: May 1
Changed: Aug 30
Last Checked: Aug 31 at 6:24PM
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 Element Realty, LLC
Investment Insights
Based on property information with market context.
Bubba’s Lucky Store is an operating convenience store with 2,622 square feet of space and a customer-oriented retail layout. The interior includes modern tile flooring, coolers, shelving, display fixtures, and a dedicated hot-food station. Merchandise categories include cold beverages, snacks, beer, and everyday essentials, with the existing setup supporting continued store operations.
The property also includes on-site parking and street-front signage. The sale includes the store’s inventory setup, including refrigeration and merchandising equipment, along with the hot-food area and associated fixtures. The combination of retail space, food service capability, and installed equipment provides a defined format for ongoing convenience-store use.
The property also includes on-site parking and street-front signage. The sale includes the store’s inventory setup, including refrigeration and merchandising equipment, along with the hot-food area and associated fixtures. The combination of retail space, food service capability, and installed equipment provides a defined format for ongoing convenience-store use.
Key Highlights
- 2,622‑square‑foot operating convenience store
- Dedicated hot‑food station included
- Coolers, shelving, and display fixtures in place
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
$26,732
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
7.64%
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%
$534,640
$534.6K
Cap Rate 7%
$381,886
$381.9K
Cap Rate 9%
$297,022
$297.0K
Market Conditions
NOI Build-Up for 2,622 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
$37.8K $14.40/SF
− Vacancy
−$2.1K −$0.81/SF
EGI
$35.6K $13.59/SF
− OpEx
−$8.9K −$3.40/SF
NOI
$26.7K $10.20/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /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%
$534,640
Cap Rate 7%
$381,886
Cap Rate 9%
$297,022
Alternative Uses
Best Use
Specialty Retail
$381.9K
$334.2K – $445.5K
NOI $26,732 @ 7.0% cap · market cap 7.64%
Second Best
Retail
$356.4K
$311.9K – $415.8K
NOI $24,950 @ 7.0% cap · market cap 7.13%
Theoretical Best
Healthcare Medical
$451.5K
$395.0K – $526.7K
NOI $31,602 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 72%
Shops & Services 23%
Beauty & Spa 2%
Home Improvements & Furnishings 2%
H-E-B
Groceries
64,347 visits/mo
0.5 miles
H-E-B Fuel
Shops & Services
11,596 visits/mo
0.5 miles
Stripes
Shops & Services
4,110 visits/mo
0.2 miles
Ace Cash Express
Shops & Services
1,789 visits/mo
0.5 miles
Merle Norman Cosmetic Studio
Beauty & Spa
1,692 visits/mo
0.5 miles
Demographics for 78550, TX
56,038
Population
22,347
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
77%
High-School Grad
94.2 sq mi
ZIP Area
595
Density / Sq Mi
$51,524
Median Household Income
$32,065
Median Earnings
$863
Median Rent
$120,500
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 - Operational retail business with prepared-food service, merchandise fixtures, and on-site parking.
Where is this grocery and convenience store located?
The property is located at 905 S 7th St Harlingen, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,622‑square‑foot operating convenience store; Dedicated hot‑food station included; Coolers, shelving, and display fixtures in place
