Current Use by Public Records
- Retail properties & Spaces
Property Details for 12475 Tx-188
- Year built
- 2024
- Lot size
- 4.48 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 4,650 square-foot 7-Eleven convenience store and gas station with an attached Laredo Taco Company, situated on a 4.48-acre lot in Sinton, Texas. The property boasts a 15-year absolute NNN lease commencing February 29, 2024, and expiring February 28, 2039, with four 5-year renewal options. The lease includes a corporate guarantee from 7-Eleven, a globally recognized S&P A-rated company, and features attractive 7.5% rent bumps every five years throughout both the primary term and option periods. The property's strong financials include a 5.50% cap rate and a net operating income (NOI) of $531,805. The asking price is $9,670,000, translating to $2,079.57 per square foot. Built in 2024, this large-format 7-Eleven includes 42 parking spaces, 12 gasoline multi-product dispensers (MPDs), and a diesel terminal. Strategically located just off TX Hwy 89/US 181, a major north-south highway connecting Corpus Christi to San Antonio, the property benefits from high visibility and convenient access. Sinton, Texas, approximately 20 miles north of Corpus Christi, is a thriving community within San Patricio County, home to numerous large industrial companies and a combined population exceeding 69,954. This is a rare opportunity to acquire a high-performing, low-risk net lease investment with a blue-chip tenant in a rapidly growing market. 100% occupancy.
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
- Sinton
- County
- San Patricio
- State
- Texas
- Longitude
- -97.5464
- Latitude
- 28.0686
