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7-Eleven 2703 Ovilla 4,650 SF 4-Star Retail Building Glenn Heights, TX 75154 $7,336,618 CAD ($1,577.77 CAD/SF) 5.10% Cap Rate
Investment Highlights
- 7.50% rent increases every 5 years through the primary and option terms.
- Zero Landlord responsibility and fantastic stabilized revenue stream - perfect for a 1031 exchange or passive investors.
- Four (4) five-year renewal options.
Executive Summary
Located Near Dallas, TX
• Located just 20 miles south of downtown Dallas, offering easy access to urban amenities while maintaining a quieter, suburban feel.
• Benefits from regional economic growth, with nearby industries, transportation hubs, and business centers providing ample job opportunities.
Convenient Access To Major Thoroughfares
• Located less than 10 minutes from I-35E
• Access to US-67 is less than 7 miles west of the site
• Easy access to I-20 via I-35E
• Located just 20 miles south of downtown Dallas, offering easy access to urban amenities while maintaining a quieter, suburban feel.
• Benefits from regional economic growth, with nearby industries, transportation hubs, and business centers providing ample job opportunities.
Convenient Access To Major Thoroughfares
• Located less than 10 minutes from I-35E
• Access to US-67 is less than 7 miles west of the site
• Easy access to I-20 via I-35E
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,650 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$7,336,618 CAD
Price Per SF
$1,577.77 CAD
Cap Rate
5.10%
NOI
$374,168 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.94 AC
Zoning
C2
Parking
45 Spaces (9.68 Spaces per 1,000 SF Leased)
Frontage
236’ on Ovilla Rd
Amenities
- 24 Hour Access
- Corner Lot
- Signalized Intersection
Property Taxes
| Parcel Number | 227481 | Improvements Assessment | $2,276,287 CAD |
| Land Assessment | $1,091,769 CAD | Total Assessment | $3,368,057 CAD |
Property Taxes
Parcel Number
227481
Land Assessment
$1,091,769 CAD
Improvements Assessment
$2,276,287 CAD
Total Assessment
$3,368,057 CAD
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7-Eleven | 2703 Ovilla
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