- The tenant, 7-Eleven, recently executed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site
- The lease features a 10% rental increase in year 10 and the 10% every 5 years at the beginning of each option to extend, increasing the NOI and providing a hedge against inflation
- 7–Eleven, Inc. is the premier name in the convenience-retailing industry. Based in Irving, Texas, 7–Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
Investment Offering
Brownsville, TX - 7-Eleven
7900 Boca Chica Blvd | Brownsville, TX 78521
Description
Location
- Hard corner signalized location at the intersection of South Indiana Ave & Boca Chica Blvd which sees over 40,000 vehicle per day
- Located 20 minutes from Space X’s Starbase. Starbase is an industrial complex for Starship rockets and for launching Starlink Satellites into orbit
- The Port of Brownsville is a deepwater seaport at the southernmost tip of Texas. With approximately 40,000 acres, the Port of Brownsville is the largest land-owning public port of authority in the nation
- Texas LNG is developing a $6B processing and export facility on the Port of Brownsville. Construction is expected to begin in 2024 with commercial operations commencing in 2026 and adding over 40,000 jobs to the community.