18 General Bruce Dr Temple, TX 76504

Property Details for 18 General Bruce Dr

Lot size

1.80 lot acres

Property type

Commercial real estate

APN

518608

APU

518608

Description

This exceptional investment opportunity presents a brand-new, 4,650-square-foot 7-Eleven convenience store and gas station in Temple, Texas. Built in 2023, the property sits on a 1.78-acre lot and boasts 47 parking spaces and 7 multi-product dispensers (MPDs). The property benefits from a 15-year absolute NNN lease with a highly creditworthy tenant (S&P A-rated 7-Eleven), the world's largest convenience store operator. The lease commenced December 1, 2023, and includes five 5-year renewal options, with a 7.5% rent increase every five years in the primary term and options. The current annual net operating income (NOI) is $446,036, resulting in a 5.15% cap rate. The asking price is $8,661,000, with a price per square foot of $1,862.58. Strategically located off I-35, this location provides excellent visibility and serves a substantial portion of Texas's population (within 180 miles of 80%). Its proximity to Fort Cavazos (formerly Fort Hood), one of the largest U.S. military bases (25 miles away), further enhances its appeal. Temple itself is a transportation hub, serving a population exceeding 82,517. This is a rare opportunity to acquire a high-performing, low-risk investment with a strong tenant and significant upside potential.