2214 SE Military Drive
San Antonio, TX 78223
Well Below Market Rents and Replacement Costs
- Ground rent of just $54,000 per year is well below market rent providing tremendous security for any landlord. The tenant cannot replicate anything close to these rents – we expect they will operate at this location for a long time.
- Replacement costs of just $229 psf is well below market, 7-Eleven could not relocate and build for less, further securing them as a tenant.
Investment Grade Guaranteed Lease:
- The lease is backed by 7-Eleven, Inc., an investment grade tenant with an S&P rating of “AA-“
- 7-Eleven is the world’s largest convenience store chain with 71,000 stores in 17 countries.
Long Term Absolute NNN Investment:
- The existing ground lease agreement has approximately 15 years remaining providing an investor long term passive income.
- Zero landlord obligations creating a passive, management-free investment.
Internet and COVID-19 Resistant:
- Gas stations remained open and paying rent throughout 2020 during the COVID pandemic as an “essential service” unlike several other retail tenants.
- The landscape of retail tenants offering goods and services is changing on a daily basis. The gas stations industry is well positioned to avoid pressure from ecommerce gaining traction on market share.
- People will continue to need gas stations (and charging stations), unaffected by any e-commerce and will continue to provide a crucial consumer need.
Newly Constructed By Tenant
- Stripes/7-Eleven recently constructed the brand-new building and improvements in 2016 at their sole cost and expense, providing further security to any landlord.
Signalized Intersection with High Traffic
- The subject property is ideally located at the signalized intersection of SE Military Drive and S Presa Street.
- High traffic at this location with 37,329 cars per day passing through the intersection.
Densely Populated Trade Area
- 220,858 people in the 5-mile radius
- 73,571 households in the 5-mile radius
Well Located Along Major Thoroughfare and Multiple Highways
- Ideally located along SE Military Road, a major retail thoroughfare with high traffic.
- The property benefits from its location near 3 major highways, providing tremendous access