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.\u00a0 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\u2019s rating of AA-.<\/p>\n
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\u2019s, Aldi, Chick-fil-A & CVS Pharmacy.<\/p>\n
7-Eleven has successfully operated at this located since 2001 due to its\u2019 strategic neighborhood location in one of Dallas\u2019 more densely populated neighborhoods and 12th fastest growing city in the nation.\u00a0 The surrounding area is poised for growth with a forecasted population growth of more than 3% annually through 2021 within three miles.\u00a0 The city of Frisco\u2019s population from 2000 to 2009 grew 247% making it the fastest growing city in America for the decade.<\/p>\n
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\u2019s 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\u2019s rating of AA-.<\/p>\n
\u00a0<\/strong><\/p>\n INVESTMENT HIGHLIGHTS<\/strong><\/p>\n 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 […]<\/p>\n","protected":false},"author":3,"featured_media":323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[156],"class_list":["post-322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-sale","tag-net-lease-7-eleven"],"yoast_head":"\n\n
\nCorporately guaranteed
\nAbsolute NNN lease with no landlord responsibilities<\/li>\n<\/ul>\n\n