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Views: 20 DOM: 13 Updated: 10.05.24 Posted: 10.05.24 Status: Active

Summary

Price $4,869,000
Built/Renov 2022
Tenant 7-Eleven
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,088
Lease Start 12-16-2022
#Units 83,282
Price/SF $1,191.05
Expiration 12-31-2037
Tenant Type Convenience/Gas
NOI $243,440
R. Term 13.2
Ownership Fee Simple
Rent/SF $59.55
Increases 7.5%/3/yrs
Pop 5Mi 201,184
Lot/AC 1.44
Options 4/5yrs/7.5%
AHHI 5Mi $105,178

Lease Highlights

  • New 2022 construction
  • 7-Eleven has 13 years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 7.5% rental increases throughout the initial 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 Longhorn Road and Old Decatur, with access to a combined daily traffic count of 26,440 vehicles. The property sits on a large 1.44-acre parcel at an irreplaceable hard corner, featuring 21 parking spaces and 8 MPDs. Additionally, it is just 6 miles from Downtown Fort Worth and north of Interstate 820, which sees...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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