Retail•Free Standing•For Sale

DARK 7-ELEVEN IN GRAPEVINE, TX

Wall Street, Grapevine, Texas 76051

Sale Price $1,350,000 ($750.00 /SqFt)
Sale Type Investment
Bldg Type Single-Tenant
Class C
Status Existing
Year Built 2008
Stories 1
Cap Rate 9.68%
Vacancy 100%
RBA 1,800 SqFt
Land Area 1 Acres
Commission 2% CO-OP
• 15 Year Absolute NNN Lease commenced in 2008 • Corporate Guaranteed Lease through February 2023 • Located immediately off of W State Highway 114 carrying over 100,000 vpd by the site daily • Nearby retailers include Sam’s Club, CVS Pharmacy, Tom Thumb, Dollar General, AutoZone and many others • Located just north of Baylor Scott & White Medical Center and in close proximity to numerous medical offices • Large residential community directly east of the property • Opportunity to collect an above market return for 7-Eleven guaranteed income for the next 4+ years • Enormous redevelopment potential with a possible buyout from 7-Eleven of the remaining Lease obligations • “Land Bank” opportunity
9/4/2019 12:00:00 AM 9/4/2019 6:10:54 PM

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