Rare 15+ Year Extension – 7-Eleven recently extended the lease through 2041, matching the term of many new construction investments while preserving their standard 10% rent increases every 5 years. This rare long-term extension reflects the tenant’s long-term commitment and favor over this location.
Strongest Credit in the Sector – 7-Eleven operates more than 9,300 U.S. stores and 75,700+ locations worldwide and carries an A- S&P credit rating, the strongest among major U.S. convenience store operators.
100% Bonus Depreciation – As a fee simple gas station investment, buyers may be eligible to depreciate up to 100% of qualifying improvements in the first year, creating a significant tax advantage. (Please consult your CPA.)
NNN Expenses Fully Reimbursed – Both tenants reimburse their pro-rata share of taxes, insurance, repairs, and maintenance, helping preserve predictable net operating income over the investment.
Downside Protection – Nipa Hut recently signed a new five-year lease at just $7.17 PSF, well below market rents in the low teens PSF. This favorable rent level reduces future leasing risk while providing meaningful rental upside over the long term.
#1 Oil-Producing County in the U.S. – Located in Lea County, the nation’s leading crude oil-producing county with 1M+ barrels produced daily, Hobbs serves as a regional hub for major energy companies including ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum, and EOG Resources, along with hundreds of oilfield service providers.
Adjacent to the Midland-Odessa Energy Hub – Just west of the Texas state line, Hobbs benefits from its proximity to the Midland-Odessa MSA, one of the world’s premier energy markets. Together, the two regions function as an interconnected economic corridor, with businesses, contractors, and workers moving seamlessly across state lines, reinforcing the area’s long-term economic vitality and consumer spending.
Near Intersection of Two Major Thoroughfare – The property is positioned near the intersection of Highway 62 and Highway 18, two of Hobbs’ most useful commercial corridors, which combine for 20,000+ vehicles per day, providing excellent visibility and accessibility to the property.

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Brian Brockman