McAllen, TX 78503

7-Eleven (Stripes)

Property Address

2416 South McColl Road, McAllen, TX, USA

Offering Summary

  • Price: $5,385,000
  • Lot Size: 1.79 Acres
  • Year Built: 2023
  • Building SF: 4,650
  • Status: Closed
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  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty by 7-Eleven, Inc.
  • 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New High-Quality 2023 Construction with Eight Fueling Stations (Four Pumps)
  • 212,710 Residents within a Five-Mile Radius with Households and Population Projected to Increase 8-10 Percent in the Immediate Area by 2027
  • Property Qualifies for 80 Percent Year One Bonus Depreciation or 15-Year Accelerated Depreciation Per IRS 1250 Property Designation
  • Laredo Taco Company (7-Eleven's Mexican Restaurant Brand) is Located Inside the Convenience Store
  • Average Household Income Exceeds $121,000 within a One-Mile Radius
  • McAllen is One of the Largest Cities in the Rio Grande Valley Attracting 18 Million Visitors Annually, Primarily from South Texas and Northern Mexico
  • Signalized Hard Corner Location with Over 32,800 Cars per Day at the Intersection

Broker Information