Secure Net Lease Sells DFW 7-Eleven
Ed Benton Facilitates Sale to Private Buyer Motivated by Bonus Depreciation
Secure Net Lease, a nationally recognized brokerage firm, orchestrated the sale of a 7-Eleven in Saginaw, Texas, just outside of Fort Worth. The property was sold in an all-cash transaction to a private buyer from Las Vegas, NV motivated by Bonus Depreciation.
The agent who orchestrated the deal, Edward Benton, said “I sourced an all-cash private investor buyer who was highly motivated by Bonus Depreciation benefits. The buyer quickly recognized the value of this 7-Eleven because of its proximity to Fort Worth.”
This large format 7-Eleven store is a 4,088 square-foot building that sits on 1.44 acres on an irreplaceable hard corner that sees over 26,440 vehicles per day. The site features 21 parking spaces and 8 MPDs. It is only 6 miles from Downtown Fort Worth, just north of Interstate 820, which sees over 112,994 vehicles per day. Interstate 820 is a loop around Fort Worth that forms part of the larger Interstate 20 system.
“The buyer moved quickly to secure the asset at full list price, demonstrating strong demand for well-located, income-producing net lease investments,” Benton concluded.
The sale of this 7-Eleven in Saginaw, Texas, highlights the strong demand for well-located net lease investments, particularly those offering attractive tax advantages like Bonus Depreciation. With its strategic positioning near Fort Worth and strong traffic counts, the property presented an attractive investment opportunity for the buyer. Secure Net Lease’s ability to match motivated buyers with premium retail properties highlights the firm’s expertise in navigating the net lease market.
7-Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, TX, 7-Eleven operates, franchises and/or licenses more than 85,000 stores in 20 countries. They continue to develop new stores year-round and are constantly thinking of innovative ways to increase consumer engagement.
About Secure Net Lease
Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.
I sourced an all-cash private investor buyer who was highly motivated by Bonus Depreciation benefits.
