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11643 Research Blvd, Austin, TX, 78759

7-Eleven
$5,000,000

Key Information

Cap Rate
5.94%
Tot. SF
3,650
Year Built
1982
Term Remaining
13.2
Type
Retail
NOI
$296,865

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.

Andrew Doerr and Jake Lurie (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225