7-Eleven TX-360 & Hwy 287, Midlothian

TX-360 & Hwy 287, Midlothian

Price: $4,105,200
Cap Rate: 4.75%
NOI: $195,000
Building Size: Approx. 3,010 Sq. Ft.
Lot Size: Approx. 1.648 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2020

Investment Overview

  • 2020 Construction 3,010+/- SF Building on 1.648 +/- Acre Site
  • New Corporate Absolute NNN Lease with 10% rent increases every 5-years beginning in year 11
  • Strategically located at the intersection of SH-360 & US 287 | Subject 7-Eleven will be located in a brand new development, Somerset, a 487-acre master planned community
  • As of 3/23/2020, 7-Eleven Stores Plan to Add 20K Jobs to Meet Demand
  • Strong demographics with a median household income of $129,322 within a 3-miles radius
  • 33-miles southwest of downtown Dallas, TX | 18-miles southeast of downtown Fort Worth, TX
  • Greater DFW Metroplex (MSA) | Population 7.5M+ | 4th largest city in the USA

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