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7-Eleven 119 Buddy Ganem dr

4,730 SF Retail Building Portland, TX 78374 $7,121,000 ($1,505/SF) 5.25% Cap Rate

Investment Highlights

  • 2025 Construction. 4,730+/- SF Building on 1.693+/- Acre Site
  • Located on the Corner of TX-35/TX-181 and Buddy Ganem Dr (13,000+ VPD).
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
  • Brand New 2025 Construction Large Format 7-Eleven
  • Located in a Prime Retail Corridor of the City, Across from Target, Walmart, and Academy Sports + Outdoors
  • Portland | 6 Miles from Downtown Corpus Christi, Texas | Population: 20,481+

Executive Summary

New 15-Year Absolute NNN Corporate Lease with 7.5% Rental Increases Every 5 Years

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,730 SF
Year Built
2024
Price
$7,121,000
Price Per SF
$1,505
Cap Rate
5.25%
NOI
$373,853
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.69 AC

Nearby Major Retailers

Chili's Grill & Bar
First Community Bank
Applebee's
IHOP
Prosperity Bank
  • Listing ID: 34190259

  • Date on Market: 12/13/2024

  • Last Updated:

  • Address: 119 Buddy Ganem dr, Portland, TX 78374

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