Property Name


GLA 4,088 SF

Percent Leased 100% Leased

Property Description

7-Eleven signed a 15-year absolute net corporate lease for a 2022 convenience and fuel location in the high-growth DFW submarket of Saginaw, Texas.  The tenant is anticipated to open for business on October 20, 2022.  Positioned less than 15 minutes northwest of Downtown Fort Worth, 7-Eleven sits at the signalized hard corner of Old Decatur Road and Longhorn Road on approximately 1.44 acres of land.  The Property consists of a 4,088 SF masonry construction convenience store and sixteen 7-Eleven branded gas pumps.  The lease features 10% rent escalations every 5 years with four, 5-year renewal options and zero landlord responsibilities.  7-Eleven, Inc. corporate credit is rated “A“ by S&P and “Baa2” by Moody’s, both considered investment grade.  Within a 1 mile radius of the Property the population has seen a 294% increase since 2000, respectively.