7-Eleven (1.95 Acres)

7-Eleven (1.95 Acres)

Glenn Heights, TX

Glenn Heights, TX

7-Eleven (1.95 Acres)

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.

Price $5,627,000
Cap Rate 5.30%
Building Size 4,250 sqft
Lot Size 1.95 acres
Year Built 2022
Offering Memorandum

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • 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

Jake Stammen

Associate Director
(972) 755-5209
jake.stammen@marcusmillichap.com
License: TX 767420

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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