7-Eleven w/ Laredo Taco Red Oak, TX

135 East Ovilla Road
Red Oak, TX

Price: $6,991,000
Cap Rate: 4.15%
NOI: $290,100
Building Size: Approx. 4,650 Sq. Ft.
Lot Size: Approx. 2.54 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2022

Investment Overview

  • 2022 Construction. 4,650+/- SF Building on 2.54+/- Acre Site
  • New 15 Yr Absolute NNN Lease w/ 7.5% Rental Increases
  • 7-Eleven (S&P A Credit Rating) | Largest Retailer in the World
  • Strong Income Demos w/ an est. $92,300 within a 5-Mile Radius
  • Situated at the Signalized Intersection that is Catty-Corner to a Walmart Supercenter (36,000+ VPD)
  • $600 Million Google Center and 400,000 SF Compass Datacenter Coming Less than 1 Mile Away
  • Red Oak | Located 20-Miles South of Dallas, TX | Dallas-Fort Worth MSA