7-Eleven

7-Eleven signed a 15-year absolute net corporate lease for a 2022 convenience and fuel location in Saginaw, Texas.  The tenant is anticipated to open for business on July 1, 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 braded 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 one mile radius of the Property the population has seen a 231% increase since 2000, respectively.