Net Lease 7-Eleven Property For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant absolute net lease 7-Eleven property located within the Dallas MSA. The property is located in a densely populated area with roughly 80,000 people living within a three mile radius. The property has a hard corner location at a signalized intersection and is accessible from curb cuts along Main Street and Hillcrest Road.  7-Eleven has successfully operated at this location since 2001. The lease was recently extended ten years and expires June 30, 2030. The lease has a 10% rental escalation in the initial term and three 5-year renewal options with 10% rental escalations. 7-Eleven is an investment grade tenant with a Standard & Poor’s rating of AA-.

The 3,001 square foot net lease 7-Eleven is located in a dense-infill urban area neighborhood, boasting average annual household incomes within a one-mile radius of over $109,000. Retailers in the area include Walmart, Kroger, Kohl’s, Aldi, Chick-fil-A & CVS Pharmacy.

7-Eleven has successfully operated at this located since 2001 due to its’ strategic neighborhood location in one of Dallas’ more densely populated neighborhoods and 12th fastest growing city in the nation.  The surrounding area is poised for growth with a forecasted population growth of more than 3% annually through 2021 within three miles.  The city of Frisco’s population from 2000 to 2009 grew 247% making it the fastest growing city in America for the decade.

7-Eleven recently signed a lease extension adding an addition ten years to the initial term that will expires June 30, 2030. The lease is an absolute triple net with a 10% increase in the initial term and three 5-year renewal options with 10% rental escalations. 7-Eleven is the world’s largest retail store chain with more than 56,600 locations throughout the world. 7-Eleven is an investment grade rated company with a Standard & Poor’s rating of AA-.

 

INVESTMENT HIGHLIGHTS

• Located within the Dallas MSA
• Long term lease with more than 13 years remaining
  Corporately guaranteed
  Absolute NNN lease with no landlord responsibilities

• Strong performing store as evidence by recent lease extension
• 7-Eleven is an investment grade rated tenant (S&P: AA-)
• 10% rental escalation in initial term and three 5-year renewal options
• Located at the signalized intersection of Main Street and Hillcrest Road
• Located in a dense urban area with roughly 80,000 people living within a three mile radius earning average household incomes in excess of $115,000 per annum
• Retailers located in the area include Walmart, Kroger, Kohl’s, Aldi, Chick-fil-A & CVS Pharmacy

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