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Stripes Absolute NNN Property Convenience Store Texas

Stripes | Abilene, TX
Make an Offer
Investment Offering

Tenant: Stripes | Abilene, TX
Premises: 4,650 SF
Renewal Options: 2 x 5 Years

Lease Expiration: 6/02/2040
Lease Type: Absolute NNN
Rental Increases: 2 x CPI or 1.75% Annually, Whichever Is Less


Sands Investment Group is Pleased to Present Exclusively For Sale the Stripes Absolute NNN Property Located in Abilene, Texas. With Over 20 Years of Lease Term Remaining on an Absolute NNN Lease and Attractive Rent Increases, This Opportunity Provides For a High Quality Investment With Annual Income Growth of an Established Tenant, Whose Parent Company is Investment Grade Credit and is Located in the Tax-Free State of Texas.

  • 20 Year Absolute Triple Net (NNN) Lease – The Tenant Recently Extended the Lease an Additional 10 Years Showing Strong Commitment to the Location
  • Parent Company Investment Grade Credit – Sunoco’s General Partner, Energy Transfer Partners, Carries an Investment Grade Credit Rating of BBB- (S&P)
  • Annual Increases – Rent Increases of 1.75% Annually Provide a Strong Hedge Against Inflation
  • Laredo Taco Company – Site Features the Well-Known Tex-Mex Brand Which Provides a Unique Traffic Driver
  • Income Tax Free State – Texas is an Income Tax Free State
  • Bonus/Accelerated Depreciation – C-Stores Typically Qualify For Bonus and Accelerated Depreciation Which Can Significantly Increase an Investor’s Cash Flow
  • Recession and Pandemic Resistant Tenant – C-Stores Have Thrived Throughout the Pandemic and Have Shown Strong Profitability
  • Cisco College – The Campus is Located Across the Street; The Jr. College Has an Enrollment of Approximately 4,800 Students

In Cooperation With Sands Investment Group Austin, LLC  Lic. #9004706 BoR: Max Freedman – TX Lic. # 644481

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

Stripes Stores is a chain of 700+ convenience stores in Texas, Louisiana, New Mexico, and Oklahoma. These locations are former Circle K and Town & Country Food Stores. Other convenience store brands they operate under include IceBox and Quick Stuff. It is one of the largest non-refining operators of convenience stores in the United States. Food offerings are available in more than 450 of its stores, primarily under the proprietary Laredo Taco Company® brand. Stripes is owned by 7-Eleven, Inc., the world’s largest chain in the convenience-retailing industry. Based in Irving, Texas, 7 Eleven operates, franchises and/or licenses to nearly 12,000 stores in North America, and more than 71,100 stores worldwide. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7–Eleven offers customers industry-leading private brand products under the 7-Select™ brand. The headquarters are located in Corpus Christi, Texas.

Area Overview

Stripes | Abilene, TX

4057 Loop 322 - Abilene, TX 79602

Contact Broker for Details

Status: Sold

Stripes | Abilene, TX

Amar Goli

704.275.3787
amar@SIGnnn.com

Make an Offer
$8.3 BILLION IN SALES

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List with SIG

Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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