105 Stassney Ln Austin, TX 78745
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High-performing 7-Eleven, Austin, TX. Strong lease terms.
Property size:
5,600 SFProperty Features for 105 Stassney Ln
General Information
- Property type
- Retail space
- Square Feet
- 5,600 SF
- Class
- A
- Lot Size
- 76,230 SF
Building Details
- Year Built/Renovated
- 2012/2018
Listing Agency: Prime Net Lease Listing Agent: Michael Matusik
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 7-Eleven convenience store and gas station in Austin, Texas. The property boasts a 5,600 square foot building on a 1.75-acre lot, constructed in 2012 and renovated in 2018. Currently operating under a corporate-guaranteed Absolute NNN lease with 7.7 years remaining, the lease features four, five-year renewal options with a 10% rent increase every five years. The property generates a substantial net operating income (NOI) of $310,358, representing a 7.00% cap rate. The asking price is $4,433,685, translating to $791.73 per square foot. The location benefits from high visibility and traffic volume, situated near major retailers and within eight miles of Austin-Bergstrom International Airport. The property includes ten gas pumps and enjoys 100% occupancy. This leasehold investment offers significant potential for long-term growth and passive income, further enhanced by the tax advantages of Texas's income-tax-free status and potential bonus depreciation benefits. The property's prime location within the rapidly expanding Austin MSA ensures continued strong performance. The 7-Eleven is an Evolution Store, incorporating innovative features and a modern design.
Property Profile
Location Intelligence
Current Use by Public Records
7-Eleven
Grocery & Convenience Store
Bahama Buck's - Austin ...
Bakery
Western Union
Bank
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.774402967561
- Latitude
- 30.204469132162
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FAQs
What type of property is this?
Retail space - High-performing 7-Eleven, Austin, TX. Strong lease terms.
Where is this retail space located?
The property is located at 105 Stassney Ln Austin, TX.
What is the asking price?
The asking price for this property is $4,433,685.
What are key features of this property?
This property features: Corporate Absolute NNN Leasehold: Nearly 9 years remaining, with 10% rent increases every 5 years.; High-Traffic Location: Hard corner of S Congress Ave/E Stassney Ln (55,000 VPD), near I-35 (176,000 VPD).; Bonus Depreciation Opportunity: Leasehold ownership allows for accelerated bonus depreciation. Consult your tax professional.
