Stripes (7-Eleven)

• 2020 renovation-to-suit for Stripes
• Stripes is a subsidiary of 7-Eleven
• 9 years remaining on an initial 15-year term
• Attractive 10% rent increase in October of 2030
• Corporately guaranteed lease from 7 Eleven
• Subject property qualifies for bonus depreciation (consult with a tax professional for details)
• 5 mile population in excess of 160,738 residents
• Nearby national tenants include Dutch Bros, Chick Fil A, Starbucks, Dollar General, Walmart Supercenter, Best Buy, HEB, Target, The Home Depot, Chipotle, and many more
• Texas is an income tax-free state
• 7-Eleven is the world’s largest convenience store chain with more than 85,000 stores in 20 countries
• 25% of the U.S. population lives within one mile of a 7-Eleven stores • 7-Eleven holds a S&P credit rating of “A” and is publicly traded “SVNDY”
• 7-Eleven plans to add 1,300 new stores in North America by 2030 as part of their aggressive worldwide expansion plan