760 FM664 - Retail FOR SALE


Red Oak, TX 75154
$5,627,000 USD
972-755-5205
760 FM664, Red Oak, TX for Sale
$5,627,000 USD
Retail - FOR SALE
1/4
null | 5.3% Cap Rate

760 FM664
Red Oak, TX 75154


HIGHLIGHTS

  • Absolute Net Lease With 11.8 Years Remaining
  • New Construction 4,250-SF Facility on 1.95 Acres
  • Signalized Hard-Corner Location at Ovilla Rd and Uhl Rd (20,652 VPD) | Direct Access to I-35 (98,021 VPD)
  • Affluent 5-Mile Trade Area | $106,648 Average Household Income
  • 31 Percent Population Growth Since 2010 | Additional 7 Percent Projected Through 2030 (5-Mile Radius)
  • 7-Eleven, Inc. (S&P: A) | 84,000+ Locations Worldwide

OVERVIEW

Offered for sale is a newly constructed, corporate-operated 7-Eleven located in Glenn Heights, Texas, within the Dallas–Fort Worth MSA, secured by an Absolute Net lease with 11.8 years remaining on the initial 15-year term. The lease features 7.5% rent increases every five years and four additional five-year extension options, providing defined contractual escalations and long-term income visibility. Built in 2022, the property consists of a 4,250-square-foot freestanding convenience store situated on 1.95 acres and improved with a modern fuel canopy serving 12 fueling positions, designed to support high-volume fuel operations and efficient vehicle circulation.

FOR SALE DETAILS

PRICE

$5,627,000 USD

PRICE/SF

$1,324 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven (1.95 Acres)

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

F1

APN/PARCEL ID

296980

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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