7-Eleven & Speedway Net-Lease Portfolio19 Individually Available NNN Investments
7-Eleven & Speedway Net-Lease Portfolio19 Individually Available NNN Investments
844 Highway 83 South, Leakey, TX
| Asking price | $5,492,582 |
| Cap rate (in-place) | 5.50% |
| Annual base rent (NOI) | $302,092 |
| Base rent $/SF | $65.39 |
| Price $/SF | $1,188.87 |
| Tenant | 7-Eleven, Inc. |
| Guarantor | Corporate (7-Eleven Inc.) |
| Lease structure | Absolute NNN |
| Lease expiration | 2034-03-31 |
| Remaining term | 7.7 yrs |
| Rent escalations | 1.04% annual |
| Rent at expiration (illus.) | $324,782 * |
| Avg yield on asking (illus.) | 5.70% * |
| Building SF | 4,620 |
| Year built | 2006 |
* Illustrative — assumes escalations from the as-of date; exact bump dates follow the lease.
Flex the assumptions — everything recomputes live. Base case: 60% LTV · 6.50% · 25-yr amortization.
At this asset’s 5.50% cap, any debt priced above the cap rate lowers current cash-on-cash versus an all-cash purchase (negative leverage); the cash-on-cash tile turns red when that occurs. Illustrative only — not a financing commitment or an offer of credit.
Leakey sits in the heart of the Texas Hill Country on the Frio River — a destination recreation market (river tubing, the “Three Sisters” motorcycle-touring loop, hunting leases) whose demand is overwhelmingly traveler/seasonal. Resident-population metrics (near zero within 3 miles) materially understate site demand; the $65/SF rent reflects real traffic.
The location score reflects resident-market fundamentals and does not incorporate seasonal or destination demand; weigh this note alongside the lease and traffic profile.
| Metric | 1 mi | 3 mi | 5 mi |
|---|---|---|---|
| Population | 0 | 0 | 0 |
| Households | 0 | 0 | 0 |
| Pop. density (/sq mi) | 0 | 0 | 0 |
| Avg HH income | — | — | — |
| Poverty rate | — | — | — |
| Bachelor's+ | — | — | — |
| Median home value | — | — | — |
| Median rent | — | — | — |
| Median age | — | — | — |
| Owner-occupied | — | — | — |
7-Eleven, Inc. — a wholly-owned subsidiary of Seven & i Holdings Co., Ltd. (TYO: 3382) and the largest convenience-store operator in the world — carrying investment-grade credit (S&P A- / Moody’s Baa2; parent Seven & i rated S&P A- / Moody’s A3). The Ann Arbor asset operates under the Speedway brand, also a 7-Eleven, Inc. entity.
7-Eleven is the world’s largest convenience-store retailer, operating, franchising, or licensing more than 85,000 stores across roughly 20 countries — including over 12,000 in the United States, where the 7-Eleven, Speedway, and Stripes banners together form the nation’s largest convenience chain by store count, ahead of Circle K and Casey’s. The U.S. business, 7-Eleven, Inc., is headquartered in Irving, Texas and is a wholly-owned subsidiary of Seven & i Holdings Co., Ltd. (TYO: 3382). Both entities carry investment-grade credit — 7-Eleven, Inc. is rated S&P A- / Moody’s Baa2 and parent Seven & i is rated S&P A- / Moody’s A3 — placing this income stream on the credit of one of retail’s most recognized and financially substantial operators. Seven & i has announced plans to list its North American convenience business publicly in 2026, a step expected to further sharpen the focus and transparency of the tenant behind these leases.
For net-lease investors, 7-Eleven is a benchmark tenant. Its stores are typically held on long-term absolute / triple-net leases — the tenant bears property taxes, insurance, and maintenance, leaving the landlord a passive, bond-like income stream — with contractual rent escalations (commonly 10% every five years) that hedge inflation over the term. Convenience, fuel, and food are necessity-based, largely e-commerce-resistant categories that have historically proven resilient across economic cycles. Investment-grade 7-Eleven net-lease assets have traded in roughly the 5.5%–6.5% cap-rate range in 2026, and deep institutional demand — from REITs, private equity, and family offices — for corporate-guaranteed 7-Eleven product supports both durable in-place income and a well-established exit. Every lease in this portfolio carries a 7-Eleven, Inc. corporate guaranty, so the rent obligation rests on the parent operating company’s credit rather than the performance of any single store.
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