Secure Net Lease Closes Sale of 7-Eleven in DFW
Ed Benton Facilitates Sale to Repeat Buyer in 1031 Exchange
Secure Net Lease, a nationally recognized brokerage firm, successfully arranged the sale of a 7-Eleven in Heartland, Texas. The property was acquired by a repeat private investor from Monterey, CA, as part of a 1031 exchange.
The agent who orchestrated the deal, Edward Benton, said, “A repeat exchange buyer recently acquired this 7-Eleven in Heartland, marking our second successful transaction with him. This was an all-cash, lower-price-point deal as part of his 1031 exchange.”
This 7-Eleven property is a 4,872-square-foot convenience store situated at 6604 FM 741 in Heartland, TX. It is positioned at a hard corner location with significant traffic exposure—serving as the entrance to Heartland from I-20, which sees over 41,100 vehicles per day. The surrounding trade area boasts strong income demographics, with median household income exceeding $93,600 within five miles. The property is also near several schools, including Barbara Walker Elementary School, Hollis T. Dietz Elementary School, the Goddard School, and Crandall Middle School.
Heartland is a 2,100-acre master-planned community that attracts families seeking a balance between nature and city life. The area continues to experience strong demand, given its location within the DFW Metroplex—one of the fastest-growing regions in the U.S., with a population exceeding 7.6 million.
“Last February, we sold him another 7-Eleven in the Dallas-Fort Worth area. Thanks to the trust we built in that first transaction, this deal was exceptionally smooth” Benton concluded.
The deal highlights Secure Net Lease’s ability to facilitate seamless transactions between repeat buyers and high-quality net lease investments.
7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises, and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
