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11643 Research Blvd
Austin, TX 78759 Quarry

$5,000,000 USD

Service Station For Sale  •  3,650 SF

Property Details

• Property Type Service Station
• Total Building Size 3,650 SF
• Lot Size 0.61 AC
• Building Class C
• Year Built 1982
• Cap Rate 5.94 %
• Tenancy Multiple
• Zoning F1-48

28 Transit Score

65 Walk Score

Highlights

100% Bonus Depreciation – A cost segregation study may allow a significant portion of the property to be depreciated over accelerated schedules, poten

True Passive Income – Both tenants operate under NNN leases, with taxes, insurance, and maintenance expenses passed through the tenants.

Long Term Lease – 7-Eleven has +13 years remaining on its lease, complemented by three additional five-year renewal options. iVape offers further tena

Attractive Rental Increases – 7-Eleven’s lease features 10% rent escalations every five years, while iVape benefits from 3% annual increases, deliveri

High-Quality Credit – The 7-Eleven lease is corporately guaranteed by 7-Eleven, Inc., an Investment Grade company with an “A” credit rating from S&P.

Long Term Operations – 7-Eleven has been operating at this location since 2017 and signed a 15-year renewal, demonstrating site commitment.

Cap Rate:

5.94 %

Major Tenants

Tenant	SF Occupied	Lease End Date
7-11		12/31/2038
iVape ATX		2/28/2029

Amenities

• Freeway Visibility
• Pylon Sign

Public Transportation

Airport	Drive	Walk	Distance
Austin-Bergstrom International	34 min	-	22.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes