For Sale
$4,433,685

105 Stassney Ln Austin, TX 78745

High-performing 7-Eleven, Austin, TX. Strong lease terms.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 7-Eleven convenience store and gas station in Austin, Texas. The property boasts a 5,600 square foot building on a 1.75-acre lot, constructed in 2012 and renovated in 2018. Currently operating under a corporate-guaranteed Absolute NNN lease with 7.7 years remaining, the lease features four, five-year renewal options with a 10% rent increase every five years. The property generates a substantial net operating income (NOI) of $310,358, representing a 7.00% cap rate. The asking price is $4,433,685, translating to $791.73 per square foot. The location benefits from high visibility and traffic volume, situated near major retailers and within eight miles of Austin-Bergstrom International Airport. The property includes ten gas pumps and enjoys 100% occupancy. This leasehold investment offers significant potential for long-term growth and passive income, further enhanced by the tax advantages of Texas's income-tax-free status and potential bonus depreciation benefits. The property's prime location within the rapidly expanding Austin MSA ensures continued strong performance. The 7-Eleven is an Evolution Store, incorporating innovative features and a modern design.

Highlights

  • Corporate Absolute NNN Leasehold: Nearly 9 years remaining, with 10% rent increases every 5 years.
  • High-Traffic Location: Hard corner of S Congress Ave/E Stassney Ln (55,000 VPD), near I-35 (176,000 VPD).
  • Bonus Depreciation Opportunity: Leasehold ownership allows for accelerated bonus depreciation. Consult your tax professional.
  • Excellent Location: Strong visibility in the growing Austin MSA, near numerous national retailers including Lowe's, Home Depot, and HEB.
  • Airport Proximity: Within 8 miles of Austin-Bergstrom International Airport.
  • Strong Texas Economy: Texas boasts a robust economy, ranking as the world's 9th largest.

Property Details for 105 Stassney Ln

Property type
Retail properties, Retail space
Square Feet
5,600 SF
Class
A
Year Built/Renovated
2012/2018
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Austin
County
Travis
State
Texas
Latitude
30.204469132162
Longitude
-97.774402967561

FAQs

What type of property is this?
Retail property - High-performing 7-Eleven, Austin, TX. Strong lease terms.
Where is the retail property located?
The property is located at 105 Stassney Ln Austin, TX.
What is the asking price?
The asking price for this property is $4,433,685.
What are key features of this property?
This property features: Corporate Absolute NNN Leasehold: Nearly 9 years remaining, with 10% rent increases every 5 years.; High-Traffic Location: Hard corner of S Congress Ave/E Stassney Ln (55,000 VPD), near I-35 (176,000 VPD).; Bonus Depreciation Opportunity: Leasehold ownership allows for accelerated bonus depreciation. Consult your tax professional.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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105 Stassney Ln
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