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5420 Altamesa Blvd 3,870 SF Retail Building Fort Worth, TX 76133 $5,390,984 CAD ($1,393.02 CAD/SF) 5% Cap Rate
Investment Highlights
- Assumable Below-Market Financing - In-place assumable note at a fixed 3.85% interest rate
- Long-Term Lease with Strong Remaining Term
- Creditworthy National Tenant - 7-Eleven is the global leader in convenience retail with 85,000+ locations worldwide
- Absolute NNN Corporate Lease - Corporate-guaranteed lease by 7-Eleven, Inc.
- Recent Retrofit to Corporate Specifications - Property was remodeled in 2019 to 7-Eleven’s current prototype standards
- Passive Investment Profile - Absolute NNN structure
Executive Summary
The asset is secured by a corporate 7-Eleven, Inc. lease with an original 15-year initial term, approximately 9 years of remaining lease term, and four (4) five-year renewal options, providing long-term income stability. The lease features 10% rental increases every 5 years, offering predictable income growth throughout the remaining primary term and option periods.
The property also benefits from an assumable note at a fixed interest rate of 3.85 percent, with a loan maturity (balloon) on January 1, 2030, providing attractive in-place financing in today’s interest rate environment.
7-Eleven is the global leader in convenience retail with 85,000+ locations worldwide, including 15,000+ in the U.S., and is backed by an “A” S&P credit rating, providing investors with a highly secure tenant profile.
Property Facts
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2034
En 1927, 7-Eleven a montré au monde entier à quel point les achats pouvaient être pratiques — et ils le font tous les jours depuis. Aujourd'hui, 7-Eleven est une marque mondiale comptant plus de magasins que tout autre détaillant au monde. 7-Eleven, Inc. exploite maintenant une solide famille de bannières et de marques, dont des magasins Speedway®, Stripes®, Laredo Taco Company® et Raise the Roost® Chicken and Biscuits partout aux États-Unis. La marque a également une histoire de premières : café dans des tasses à emmener, 24 heures sur 24 et 7 jours sur 7 et fontaines à soda en libre-service, pour n'en nommer que quelques-uns. Sans oublier les produits emblématiques — comme les boissons Slurpee® et Big Gulp® — qui font désormais partie de la culture américaine. En tant que plus grand détaillant de proximité au monde, 7-Eleven a également contribué à la création du modèle de franchise et est maintenant régulièrement classé parmi les 10 meilleurs franchiseurs — un véritable témoignage de leur esprit d'entreprise. Bien qu'ils aient connu une croissance importante au fil des ans, ils restent concentrés sur l'innovation pour répondre aux besoins des clients.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2034 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 07692528 | Improvements Assessment | $1,898,452 CAD |
| Land Assessment | $586,804 CAD | Total Assessment | $2,485,256 CAD |
Property Taxes
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5420 Altamesa Blvd
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