Cap Rate
5.7%
Tot. SF
3,650
Austin, TX
7-Eleven/iVape$5,200,000
Key Information
Year Built
1982
Term Remaining
±13.2 YRS
Type
Retail
Highlights
- 100% Bonus Depreciation – A cost segregation study may allow a significant portion of the property to be depreciated over accelerated schedules, potentially creating meaningful tax advantages and enhanced early-year cash flow. Investors should consult with their tax advisor regarding eligibility and applicability.
- True Passive Income – Both tenants operate under NNN leases, with taxes, insurance, and maintenance expenses passed through the tenants.
- Long Term Lease – 7-Eleven has +13 years remaining on its lease, complemented by three additional five-year renewal options. iVape offers further tenancy diversification and stability.
- Attractive Rental Increases – 7-Eleven’s lease features 10% rent escalations every five years, while iVape benefits from 3% annual increases, delivering consistent income growth and a reliable hedge against inflation.
- High-Quality Credit – The 7-Eleven lease is corporately guaranteed by 7-Eleven, Inc., an Investment Grade company with an “A” credit rating from S&P.
- Long Term Operations – 7-Eleven has been operating at this location since 2017 and signed a 15-year renewal, demonstrating site commitment.
Photos
0