5420 Altamesa Blvd - Service Station FOR SALE


Fort Worth, TX 76133- Wedgwood
$3,800,000 USD
714-356-2682
5420 Altamesa Blvd, Fort Worth, TX for Sale
$3,800,000 USD
Service Station - FOR SALE
1/19
null | 5% Cap Rate

5420 Altamesa Blvd
Fort Worth, TX 76133
Wedgwood


HIGHLIGHTS

  • Assumable Below-Market Financing - In-place assumable note at a fixed 3.85% interest rate
  • Absolute NNN Corporate Lease - Corporate-guaranteed lease by 7-Eleven, Inc.
  • Long-Term Lease with Strong Remaining Term
  • Recent Retrofit to Corporate Specifications - Property was remodeled in 2019 to 7-Eleven’s current prototype standards
  • Creditworthy National Tenant - 7-Eleven is the global leader in convenience retail with 85,000+ locations worldwide
  • Passive Investment Profile - Absolute NNN structure

OVERVIEW

Cook Commercial Partners is pleased to present the opportunity to acquire an absolute NNN, corporate-leased 7-Eleven convenience store located in Fort Worth, Texas. The property is a retrofit remodel built out to 7-Eleven’s specifications in 2019 and operates as a full-service convenience store with fuel sales and a car wash, serving a strong, established trade area. The asset is secured by a corporate 7-Eleven, Inc. lease with an original 15-year initial term, approximately 9 years of remaining lease term, and four (4) five-year renewal options, providing long-term income stability. The lease features 10% rental increases every 5 years, offering predictable income growth throughout the remaining primary term and option periods. The property also benefits from an assumable note at a fixed interest rate of 3.85 percent, with a loan maturity (balloon) on January 1, 2030, providing attractive in-place financing in today’s interest rate environment. 7-Eleven is the global leader in convenience retail with 85,000+ locations worldwide, including 15,000+ in the U.S., and is backed by an “A” S&P credit rating, providing investors with a highly secure tenant profile.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$797 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,400 SF

ZONING

CR

APN/PARCEL ID

07692528

ASK ABOUT THIS PROPERTY

Kassidy SevillaCook Commercial PartnersMore Info
714-356-2682

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Kassidy SevillaCook Commercial PartnersMore Info
714-356-2682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.