Property Name

7-Eleven




GLA 2,402 SF

Percent Leased 100% Leased

Property Description

7-Eleven signed an early lease extension and has approximately 11 years of term remaining on an absolute net, corporately leased convenience and fuel location in the affluent DFW submarket of Flower Mound, Texas.  7-Eleven’s primary term lease runs through September 2032 with a 10% rent escalation in October 2027 and four, 5-year renewal options.  Situated on a 1.02 acre hard corner at Cross Timbers Road (FM 1171) and Kirkpatrick Lane, the Property benefits from its position on a significant corridor with more than 3,500,000 SF of retail GLA within a 2 mile radius.  Additionally, average household income exceeds $106,500, $125,400 and $127,200 within 1, 3 and 5 mile radii, respectively.  7-Eleven is centrally located in the DFW Metroplex only 30 minutes from Downtown Dallas, less than 40 minutes from Downtown Fort Worth and 20 minutes from DFW Airport.  The Property consists of a 2,402 SF masonry construction convenience store with 8 Exxon branded fueling stations.  7-Eleven, Inc. corporate credit is rated “A“ by S&P and “Baa2” by Moody’s, both considered investment grade.  Priced at $3,300,000, the Property is among the lowest price point 7-Eleven’s with more than 10 years of primary term available in DFW as of October 2021.
 


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