131 E Ovilla Rd
Red Oak, TX
Price:
$1,538,500
Cap Rate:
5.85%
NOI:
$90,000
Building Size:
Approx. 550 Sq. Ft.
Lot Size:
Approx. 0.69 Acres
Type:
Single-Tenant / Retail
Sub Category:
Fast Casual
Year Built:
2024
Investment Overview
- 2024 Construction. 550+/- SF Building on 0.69+/- Acre Site
- Brand New, 15 Year NNN Ground Leases with 10% Rental Increases Every 5 Years
- Located at Signalized Intersection on Main Retail Corridor with 20,000+ VPD
- High Growth Suburb of Dallas with 41.75% Population Increase Since 2020
- Closest Coffee Shop to Red Oak High School which has 2,160+ Students and 135+ Faculty
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
- Red Oak | 47.75% Population Increase Since 2020 | MSA Population: 8,100,000+