5107 Manor RdAustin, TX 78723

Property Details for 5107 Manor Rd

Year built

2022

Lot size

7.05 AC

Property size (Sq ft)

4,250 SF

Property type

Grocery and convenience stores

APN

218200816

APU

218200816

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7-Eleven convenience store and gas station in Austin, Texas. The property boasts a newly executed 15-year absolute NNN lease with four 5-year renewal options, ensuring long-term, stable income. The lease includes 10% rent bumps every five years, providing a hedge against inflation. Located on a hard corner with high visibility at a signalized intersection averaging 42,800 vehicles per day, the 4,191 square foot property benefits from a strong consumer base within a densely populated residential area, including proximity to the Mueller Tower District. The 0.85-acre lot features 12 gas pumps. The property offers a 5.00% cap rate with a Net Operating Income (NOI) of $327,022 and an asking price of $6,540,000 ($1,560.49/sq ft). Built in 2023, this asset is ideally suited for a passive investor seeking a management-free investment in a state with no state income tax. The tenant, 7-Eleven, Inc., is a premier name in convenience retailing, providing significant corporate backing and stability. The 5-mile radius boasts over 328,000 residents and 313,000 employees, with an average household income within 1 mile exceeding $135,482. The property's location is approximately 6 miles from downtown Austin. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance asset in one of the nation's fastest-growing metropolitan areas. Lease commencement is November 1, 2023.

• CAP approach

  CAP return

  Valuation

  6%

  $1,001,340

  6.5%

  $924,318

  7%

  $858,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,323,300

  Geo Method

  $1,323,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,863,920

  Mixed-Use / Specialty

  $896,208

  Hospitality / Lodging

  $625,210

  Office

  $865,036

  Institutional / Educational

  $922,826

  Residential Income

  $1,079,710

  Multifamily

  $1,432,510

  Automotive / Energy

  $790,993

  Parking / Income-Based Land

  $297,480

  Restaurant / Food Service

  $413,163

  Healthcare / Senior Housing

  $944,492

Location Insight

City

Austin

County

Travis

State

Texas

Latitude

30.2985

Longitude

-97.6857

CBSA code

12420

CBSA name

AUSTIN-ROUND ROCK, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].