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Get In TouchStripes Convenience Store | Uvalde, TX
Stripes
2819 East Main Street, Uvalde, TX, 78801, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,828 SF Stripes Convenience Store Ground Lease Located at 2819 East Main Street in Uvalde, TX. This Deal Includes a Well-Known Regional Brand, Particularly in Texas and the Surrounding Areas, Providing Brand Loyalty and a Built-In Customer Base For Commercial Real Estate Investors.
- Uvalde is Located at the Crossroads of U.S. Highways 90 and 83,m Providing Easy Access to Major Cities Like San Antonio (About 85 Miles East) and the Mexican Border
- Uvalde is the Gateway to Popular Outdoor Destinations Such as Garner State Park and the Frio River, Making it a Hub For Tourism-Related Businesses Like Hospitality, Retail and Dining
- Stripes is a Well-Known Regional Brand, Particularly in Texas and the Surrounding Areas, Providing Brand Loyalty and a Built-In Customer Base For Commercial Real Estate Investors
- Stripes is Owned By 7-Eleven, a Global Retail Leader, Ensuring Strong Financial Stability, Corporate Management and Operational Expertise
- Stripes Has Locations in Texas, New Mexico and Oklahoma, Providing Regional Expansion Opportunities For Investors Seeking Diversified Portfolios
- Compared to Larger Texas Cities, Uvalde Offers More Affordable Land and Building Prices, Making it Attractive For New Development or Expansion
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
Stripes
2819 East Main Street, Uvalde, TX, 78801, USA
STRIPES
Stripes Stores is a chain of more than 700 convenience stores in Texas, Louisiana, New Mexico, and Oklahoma. It is one of the largest non-refining operators of convenience stores in the United States. Many stores offer Sunoco, Chevron, Conoco, Exxon, Phillips 66, Shell, Texaco, Valero, and unbranded fuel; most locations previously sold fuel under the CITGO name, when the chain was Circle K. More than 300 locations also feature the proprietary Laredo Taco Company brand of Mexican fast food, or Country Cookin’ branded fast food. The brand emphasizes a welcoming atmosphere, and many locations also offer amenities like car washes and ATMs. Stripes is part of the larger 7-Eleven family, which enhances its reach and service offerings. It is a subsidiary of 7-Eleven, Inc., which is part of Seven & I Holdings Co., Ltd., a publicly traded company.
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Price
$1,335,400
Cap Rate
6.00%
PREMISES
5,828 SF
RENEWAL OPTIONS
6 x 5 Year Options
Lease Expiration
09/30/2029
RENTAL INCREASES
CPI Every 5 Years - Capped at 7.5%
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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