694 E Ovilla Rd
Red Oak, TX
Price:
$7,976,000
Cap Rate:
5.00%
NOI:
$398,801
Building Size:
Approx. 4,824 Sq. Ft.
Lot Size:
Approx. 1.862 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2025
Investment Overview
- 2025 Construction. 4,824+/- SF Building on 1.862+/- Acre Site
- Brand New 15-Year Corp. NNN Lease with 10% Rental Increases Every 5 Years in Primary Term and Option Periods
- Exceptional Visibility & Access – At Signalized Intersection on E Ovilla Rd (17,540+ VPD), Less than 1 Mile from I-35 (83,800+ VPD)
- Positioned in Main Trade Corridor Anchored by Walmart, Walgreens, Chick-fil-A, McDonald’s, Starbucks, Brookshire’s, & More
- Adjacent to Google’s $600M, 285,000 SF Red Oak Data Center – Part of a $2.7B Texas Investment Creating 1,230+ Jobs
- 7-Eleven Is the Largest Convenience Retailer in the World with 85,000+ Stores in 20 Countries
- Red Oak | 20 Minutes from Downtown Dallas | Red Oak Population: 20,605+; MSA Population: 8.3M+