18 General Bruce DrTemple, TX 76504

For Sale
$8,661,000

High-yield 7-Eleven investment; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • 2023-built, 4,650 square-foot convenience store/gas station on a 1.78-acre lot in Temple, TX.
  • New 15-year absolute NNN lease with 7.5% rent increases every five years; corporate guarantee.
  • High visibility location off I-35, serving a large Texas population within 180 miles.
  • Large-format 7-Eleven with 47 parking spaces and 7 multi-product dispensers (MPDs).
  • Located 25 miles from Fort Cavazos (formerly Fort Hood).
  • Investment-grade tenant: S&P A-rated 7-Eleven, the world's largest convenience store chain.

Property Details for 18 General Bruce Dr

Property type
Other retail properties, Individual retail properties
Square Feet
4,650 SF
Year Built
2023
Lot Size (sq. ft)
77,537 SF

Location Insight

City
Temple
County
Bell
State
Texas
Latitude
31.1015679
Longitude
-97.3614448
18 General Bruce Dr, Temple, Texas

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18 General Bruce Dr
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