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29945333
29945334

760 Ovilla Rd, Glenn Heights, TX 75154

JS
TX TX 767420
Marcus & Millichap - Dallas
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$5,627,000
106 days on market
Updated 16 days ago

7-Eleven (1.95 Acres)

Details
Property Type Retail
Sub Type Gas Station
Square Footage 4,250
Net Rentable (SqFt) 4,250
Units 1
Cap Rate 5.30%
NOI $298,185
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/30/2037
Remaining Term 11.6
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $1,324
Broker Co-Op Yes
Year Built 2022
Acreage 1.950
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/27/2021
Ground Lease No

Absolute Net Lease With 11.8 Years Remaining

Marketing description

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.

Investment 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

  • DFW Metro Growth & Stability | #1 U.S. Metro for Population Growth

  • Adjacent to 300-Unit Class A Multifamily and 36,000-SF Mixed-Use Retail Developments

Listing Contacts

JS
TX TX 767420
Marcus & Millichap - Dallas
VK
TX 0579633
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$298,185.00
$24,848.75/mo

Valuation Metrics

0
DSCR
5.3%
Cap Rate
5.3%
ROI

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Additional Information

Name
Jake Stammen
License
TX 767420
Brokerage
Marcus & Millichap
Brokerage Phone
972-755-5209
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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