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