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29645748
29645749

U.S. 287 & Miller Rd, Midlothian, TX, USA, Midlothian, TX 76065 For Sale

EB
TX 557247
Secure Net Lease
BM
TX 548333
Secure Net Lease
JC
TX 597891
Secure Net Lease
GB
TX 843004
Secure Net Lease
ML
TX 840834
Secure Net Lease
Listed by Secure Net Lease
$9,100,000
159 days on market
Updated 120 days ago

7-Eleven

Details
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 4,853
Cap Rate 5%
NOI $454,959
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+7)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 02/28/2041
Remaining Term 14.6
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Price per SqFt $1,875
Year Built 2026
Buildings 1
Stories 1
Acreage 1.430
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/09/2026

5.00% CAP | Signalized Hard Corner Location

Marketing description

  • Brand New 2026 Construction 4,853 SF Building On A 1.43 Acre Site

  • 15-Year Absolute NNN Lease With 10% Rental Increases Every 5 Years In Both The Primary Term And Renewal Options

  • Signalized Hard Corner Location At US Highway 287 & Miller Road With Approximately 24,000 Combined VPD

  • Entrance To Major Master-Planned Development 1,740-Unit Westside Preserve Delivering Through 2027

  • High-Growth Dallas–Fort Worth Submarket Ellis County Population Exceeds 250,000 And Continues Rapid Expansion

Investment highlights

  • Projected Rent Commencement: February 9, 2026

  • Brand New 15-Year Absolute NNN Lease with 10% Rental Increases Every 5 Years in both the Primary Term and Renewal Options, and (4) 5-Year Options.

  • Signalized Hard Corner At US Highway 287 And Miller Road the subject property is positioned at a controlled intersection capturing approximately 24,000 combined VPD along a major Ellis County commuter corridor. US Highway 287 serves as a primary regional route connecting Midlothian to the Dallas–Fort Worth metroplex and is the focus of long-term state transportation planning supporting continued mobility and economic connectivity.

  • Entrance To Major Master-Planned Residential Development the property sits at the gateway to Westside Preserve, a 1,740-unit master-planned community delivering through 2027. Additional nearby developments, including the Goodland Community (4,500 homes) and Lakesong Development (3,000 homes), bring total surrounding residential inventory to approximately 8,500+ homes in the immediate trade area.

  • Strong Employment Base And Institutional Demand Drivers Midlothian is anchored by a durable industrial and manufacturing employment base, including Gerdau’s Chaparral Steel facility, which employs over 1,000 workers and is undergoing a $51.5 million expansion to increase production capacity. These large-scale employers support consistent daytime population, shift-based traffic, and recurring convenience-oriented demand within the immediate trade area.

  • Investment-Grade Corporate Tenant With National Scale 7-Eleven operates more than 10,000 locations across North America and maintains an “A” long-term credit rating from S&P with a stable outlook. The brand’s 24/7 operating model and essential retail positioning support high-frequency customer traffic across economic cycles.

  • High-Growth County And Submarket Within The Dallas–Fort Worth Metroplex Ellis County is home to approximately 250,500 residents as of 2026, reflecting a 60%+ population increase since 2010 and ranking among the fastest-growing counties in Texas. Midlothian, the county seat, is one of the county’s fastest-growing communities, supported by large-scale residential development, proximity to Dallas–Fort Worth, and sustained in-migration.

Listing Contacts

EB
TX 557247
Secure Net Lease
BM
TX 548333
Secure Net Lease
JC
TX 597891
Secure Net Lease
GB
TX 843004
Secure Net Lease
ML
TX 840834
Secure Net Lease
Listed by Secure Net Lease

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$454,959.00
$37,913.25/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Edward Benton
License
557247
Name
Bob Moorhead
License
548333
Name
Joe Caputo
License
597891
Name
Garrison Berkley
License
843004
Brokerage
Secure Net Lease
Brokerage Phone
214-522-7200
Title
Broker Associate
Name
Morgan LeCorgne
License
840834
Brokerage
Secure Net Lease
Brokerage Phone
2144447878
Title
Broker Associate
Brokerage Address
10000 North Central Expressway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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