Current Use by Public Records
- Retail properties & Spaces
Property Details for 708 Us-77
- Year built
- 2009
- Lot size
- 1.15 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Gas stations
Description
This exceptional investment opportunity presents a 4,991-square-foot 7-Eleven gas station and convenience store located at 708 US-77 in Schulenburg, Texas, 78956. The property sits on a 1.15-acre lot and boasts 16 gas pumps across four fuel islands, a canopy, and a prominent high-pole sign. Built in 2009 and renovated in early 2022, this single-story building is currently operating at 100% occupancy under an absolute NNN lease with 6 years remaining. The lease features annual rent increases and benefits from 7-Eleven's strong AA- S&P credit rating. The property generates a substantial net operating income (NOI) of $300,310, resulting in a compelling 10.15% cap rate. Strategically positioned at a signalized intersection with convenient on/off ramp access to Interstate 10, this location benefits from high traffic volume. The asking price is $3,048,000, translating to $660.18 per square foot. This turnkey investment offers significant long-term potential with minimal landlord responsibilities. The property's prime freeway location and strong tenant ensure a stable and lucrative investment opportunity. Schulenburg's central location between major Texas cities further enhances its appeal.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Schulenburg
- County
- Fayette
- State
- Texas
- Longitude
- -96.9033
- Latitude
- 29.6947
