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5420 Altamesa Blvd 3,870 SF Retail Building Fort Worth, TX 76133 $5,220,174 CAD ($1,348.88 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
Cook Commercial Partners is pleased to present the opportunity to acquire an absolute NNN, corporate-leased 7-Eleven convenience store located in Fort Worth, Texas. The property is a retrofit remodel built out to 7-Eleven’s specifications in 2019 and operates as a full-service convenience store with fuel sales and a car wash, serving a strong, established trade area.
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.
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
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,870 SF
Building Class
B
Year Built/Renovated
2001/2019
Price
$5,220,174 CAD
Price Per SF
$1,348.88 CAD
Cap Rate
5%
NOI
$260,958 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.95 AC
Zoning
CR
Frontage
258’ on Altamesa Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2034
7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2034 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07692528 | Improvements Assessment | $1,844,800 CAD |
| Land Assessment | $570,220 CAD | Total Assessment | $2,415,020 CAD |
Property Taxes
Parcel Number
07692528
Land Assessment
$570,220 CAD
Improvements Assessment
$1,844,800 CAD
Total Assessment
$2,415,020 CAD
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5420 Altamesa Blvd
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