1637 Market St, Hearne, TX 77859-3873

Property Details for 1637 Market St

Year built

2023

Lot size

4.84 lot acres

Property type

Industrial properties

APN

000304-001672

APU

304001672

Description

This exceptional investment opportunity presents a brand-new, 6,050-square-foot 7-Eleven convenience store and gas station located at 1637 N Market St, Hearne, TX 77859. Built in 2023, the property sits on a 4.837-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantee from 7-Eleven, the world's largest chain store operator (S&P rated A). The lease commenced October 1, 2023, and includes five 5-year renewal options, ensuring long-term stability. Rent increases by 7.5% every five years, providing built-in growth potential. The property generates a substantial net operating income (NOI) of $468,977, resulting in a compelling 5.10% cap rate. This large-format 7-Eleven features two restaurant concepts: Raise the Roost Chicken and Laredo Taco. Its strategic location at the intersection of Market Street (27,655+ vehicles per day) and FM-485 (3,824+ vehicles per day) places it within a dense trucking area, benefiting from high traffic volume. The property's adjacency to a Love's Travel Stop, which served over 1.2 million customers last year, further underscores its prime location and potential for continued success. Hearne, Texas, is conveniently located 20 miles north of College Station, with a population exceeding 4,421. The property includes five high-speed diesel multi-product dispensers. The asking price is $9,196,000, translating to $1,520 per square foot. This is a rare opportunity to acquire a high-performing, low-risk investment with significant long-term upside.

Location Insight

City

Hearne

County

Robertson

State

Texas

Longitude

-96.6029

Latitude

30.8978

CBSA code

17780

CBSA name

COLLEGE STATION-BRYAN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments