Current Use by Public Records
- 7-Eleven / Grocery & Convenience Store
- Bahama Buck's - Austin (E Stassney Lane) / Bakery / Take-out & Catering
- Western Union / Bank / Credit Union
Property Details for 105 Stassney Ln
- Year built
- 2012
- Lot size
- 1.75 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Austin
- County
- Travis
- State
- Texas
- Longitude
- -97.7744
- Latitude
- 30.2045
