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7-Eleven (1.95 Acres) 760 FM664 4,250 SF Retail Building Red Oak, TX 75154 $7,642,141 CAD ($1,798.15 CAD/SF) 5.30% Cap Rate
Investment Highlights
- Absolute Net Lease With 11.8 Years Remaining
- Signalized Hard-Corner Location at Ovilla Rd and Uhl Rd (20,652 VPD) | Direct Access to I-35 (98,021 VPD)
- 31 Percent Population Growth Since 2010 | Additional 7 Percent Projected Through 2030 (5-Mile Radius)
- New Construction 4,250-SF Facility on 1.95 Acres
- Affluent 5-Mile Trade Area | $106,648 Average Household Income
- 7-Eleven, Inc. (S&P: A) | 84,000+ Locations Worldwide
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
4,250 SF
Building Class
B
Year Built
2022
Price
$7,642,141 CAD
Price Per SF
$1,798.15 CAD
Cap Rate
5.30%
NOI
$404,971 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.95 AC
Zoning
F1 - Commercial
Property Taxes
| Parcel Number | 296980 | Improvements Assessment | $1,140,957 CAD |
| Land Assessment | $853,582 CAD | Total Assessment | $1,994,539 CAD |
Property Taxes
Parcel Number
296980
Land Assessment
$853,582 CAD
Improvements Assessment
$1,140,957 CAD
Total Assessment
$1,994,539 CAD
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7-Eleven (1.95 Acres) | 760 FM664
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