7-Eleven

7-Eleven is an absolute net, corporately leased convenience and fuel location in the affluent DFW submarket of Plano, Texas.  Situated on a 0.92 acre hard corner on the going-to-work side of the road at the West 15th Street and Independence Parkway intersection, the Property offers significant residual value. 7-Eleven recently signed a 7-year lease extension that runs through March 2029 with four, 5-year renewal options at 10% rent escalations per option. The Property benefits from its position on a significant area corridor with more than 4,200,000 SF of retail GLA within a 2 mile radius.  Additionally, average household income exceeds $115,200, $119,400 and $130,200 within 1, 3 and 5 mile radii, respectively.  7-Eleven is centrally located in the DFW Metroplex only 30 minutes from Downtown Dallas, approximately 45 minutes from Downtown Fort Worth and 20 minutes from DFW Airport. The Property features of a 3,287 SF convenience store with 10 branded 7-Eleven fueling stations, two highly visible digital pylon signs and multiple ingress/egress points.  7-Eleven, Inc. corporate credit is rated “A“ by S&P and “Baa2” by Moody’s, both considered investment grade. Notable national retailers in the immediate area include CVS Pharmacy, Dollar General, O’Reilly Auto Parts, Subway, Jackson Hewitt, Take 5 Oil Change and Braum’s Ice Cream & Dairy Store amongst others. Priced at $3,069,000, the property is among the lowest price point 7-Eleven's available in DFW as of Q1 2023.