$5,000,000 USD
561-512-1658
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.
OVERVIEW
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Andrew Doerr and Jake Lurie (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
FOR SALE DETAILS
PRICE
$5,000,000 USD
PRICE/SF
$1,370 USD /SF
CAP RATE
5.94%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.61 AC
LAND SF
26,615 SF
ZONING
F1-48
APN/PARCEL ID
478321
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561-512-1658
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561-512-1658
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