7-Eleven

NEC I-35 & Timberland Boulevard, Fort Worth, TX 76244

$8,400,000

Cap Rate 5.00%

Views: 148 DOM: 170 Updated: 10.25.24 Posted: 05.28.24 Status: Active

Summary

Price $8,400,000	Built/Renov 2024	Tenant 7-Eleven
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,919	Lease Start 07-01-2024	#Units 83,282
Price/SF $1,707.66	Expiration 05-31-2039	Tenant Type Convenience/Gas
NOI $420,000	R. Term 14.6	Ownership Fee Simple
Rent/SF $85.38	Increases 10.0%/5/yrs	Pop 5Mi 172,426
Lot/AC 1.47	Options 4/5yrs/10%	AHHI 5Mi $171,356

Bob Moorhead

Secure Net Lease

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Lease Highlights

Brand new 2024 construction
Brand new 15-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the primary term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

7-Eleven is strategically located at the signalized, hard corner intersection of NEC I-35 & Timberland Boulevard, with access to a combined daily traffic count of 6,539 vehicles. The property features a 7-Eleven branded convenience store, 6 pumps, and 12 fueling positions. Conveniently situated just off I-35 with 100,000 VPD, the site offers high visibility and accessibility. Additionally, it...

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Key Features

New construction
Hard corner intersection
Strategically located
Freeway visibility
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Fort Worth, Texas Zip Code 76244 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven & I Holdings Co., Ltd
# Units:83,282
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...

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Listing Broker

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