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7-Eleven 2920 N Westmoreland Rd
3,060 SF Retail Building Dallas, TX 75212 £3,565,100 (£1,165/SF) 5.34% Net Initial Yield
Investment Highlights
- 15-Year Absolute NNN Lease - 11 Years Remaining
- 10% Rent Increases Every 5 Years
- High Traffic Counts
- CAP Rate Increases to 5.33% in 2026
- 5 Miles From Downtown Dallas
- Dense Infill Location
Executive Summary
The lease terms are 15 years starting in January 2020, with 10% rent increases every 5 years and four 5-year option periods. The 3,060 SF free-standing building is located in the thriving Dallas area. The CAP rate increases to 5.34% in January 2025. Seller will capitalize from closing through the remainder of 2024 to achieve 5.34% CAP rate.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 3,060 SF
- -
- NNN
- Jan 2035
In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 3,060 SF | - | NNN | Jan 2035 |
PROPERTY TAXES
| Parcel Number | 00000700771000000 | Improvements Assessment | £0 |
| Land Assessment | £645,560 | Total Assessment | £645,560 |
PROPERTY TAXES
-
Craig Stewart -
ACRE Investment Real Estate Services
Presented by
7-Eleven | 2920 N Westmoreland Rd
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