Introducing 7/11 Corporate Tenant NNN leased property at 760 OVILLA ROAD, an exceptional investment opportunity in Glenn Heights, TX.
This property boasts a sales price of $5,849,074 with a solid NOI of $277,381 and a favorable CAP rate of 4.75%.
Built-in 2022, this 4,650 SF building on a 1.9 AC lot is leased to 7-Eleven, Inc. on a 15-year Absolute NNN lease with S&P “A” credit rating.
With rent increases every 5 years, four 5-year renewal options, and no landlord responsibilities, this property offers a stable revenue stream ideal for a 1031 exchange or passive investors.
Situated 1 mile from I-35E, connecting major Texan cities, this recession-resistant investment benefits from a high-growth market with a 180% population increase since 2000.
Don’t miss out on this opportunity to acquire a property in a thriving area with strong demographics and a globally recognized tenant.
Property Overview
Type
Occupied Retail
Building Size
4,650 SF
Building Class
A
Parking
Yes
Year Built
2022
Remaining Term
12 Years
Property Highlights
7.50% rent increases every 5 years through the primary and option terms.
Four (4) five-year renewal options.
7-Eleven is the largest convenience retail chain in the world with more than 77,000 stores worldwide.
Recession Hedging Investment - $65.89 Billion in revenue (TTM).
