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Auto Service - Gas-Conv

7-Eleven w/ Gas | Fort Worth - w/in 468-Acre Mixed-Use Development | Long Term NNN Ground Lease

6301 Altamesa Blvd, Fort Worth, TX 76123

Listing Price: $1,777,778

Cap Rate
4.50%
Tenant Name
7-Eleven
Years Remaining On Lease
14.2
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$590.62
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.58

Investment Overview

Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly 350 square miles into three other counties: Denton, Parker, and Wise. According to the 2019 census estimates, Fort Worth’s population was 909,585. Fort Worth is the second-largest city in the Dallas–Fort Worth–Arlington metropolitan area, which is the fourth-most populous metropolitan area in the United States. Fort Worth has become one of the fastest-growing cities in the United States in recent years, particularly in the 21st century, and has more than doubled its population since 2000. Fort Worth is home to the Van Cliburn International Piano Competition and several world-class museums designed by internationally known contemporary architects. The Kimbell Art Museum, considered to have one of the best art collections in Texas, is housed in what is widely regarded as one of the outstanding architectural achievements of the modern era. The museum was designed by American architect Louis Kahn, with an addition designed by world-renowned Italian architect Renzo Piano opening November 2013. Also of note is the Modern Art Museum of Fort Worth, designed by Tadao Ando. The Amon Carter Museum of American Art, designed by Philip Johnson, houses one of the world’s most extensive collections of American art.

Investment Highlights

  • Long Term NNN Ground Lease Featuring a 10% Rental Increase in 2032 and at Each Option. Brand New High Quality Construction w/ Gas Station.
  • Positioned Along Area's Traffic, Medical and Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles. Minutes from Interstate-20.
  • Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $88.07 Billion.
  • Within Tavolo Park - A 468-Acre Mixed-Use Development that will Incorporate Single-family Units, Multi-family Units, Retail, Medical Offices and Hospitality Product Types.
  • In Close Proximity to Texas Health Harris Methodist Hospital Southwest Fort Worth - a 720-Bed Medical Center Serving Fort Worth and Surrounding Communities with Advanced Medical Treatments. Recent $300 Million Expansion.
  • Densely Populated and Affluent Fort Worth Suburb: Features an Average Household Income of $117k+ within a 1-Mile Radius and more than 189k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Walking Distance from Trinity Valley School and near other Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers. Near Numerous National Retailers Including Walmart Neighborhood Market, Walmart Supercenter, Albertson's, CVS, ALDI, Hobby Lobby, Michaels and many more.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Auto Service - Gas-Conv

7-Eleven w/ Gas | Fort Worth - w/in 468-Acre Mixed-Use Development | Long Term NNN Ground Lease

Listing Price: $1,777,778

Cap Rate
4.50%
Tenant Name
7-Eleven
Years Remaining On Lease
14.2
Gross SF
3,010
Guarantor
Corporate Guarantee
Rentable SF
3,010
Price/Gross SF
$590.62
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.58

Investment Highlights

  • Long Term NNN Ground Lease Featuring a 10% Rental Increase in 2032 and at Each Option. Brand New High Quality Construction w/ Gas Station.
  • Positioned Along Area's Traffic, Medical and Retail Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 14k Vehicles. Minutes from Interstate-20.
  • Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $88.07 Billion.
  • Within Tavolo Park - A 468-Acre Mixed-Use Development that will Incorporate Single-family Units, Multi-family Units, Retail, Medical Offices and Hospitality Product Types.
  • In Close Proximity to Texas Health Harris Methodist Hospital Southwest Fort Worth - a 720-Bed Medical Center Serving Fort Worth and Surrounding Communities with Advanced Medical Treatments. Recent $300 Million Expansion.
  • Densely Populated and Affluent Fort Worth Suburb: Features an Average Household Income of $117k+ within a 1-Mile Radius and more than 189k People Residing within a 5-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Walking Distance from Trinity Valley School and near other Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers. Near Numerous National Retailers Including Walmart Neighborhood Market, Walmart Supercenter, Albertson's, CVS, ALDI, Hobby Lobby, Michaels and many more.

Investment Overview

Fort Worth is the fifth-largest city in the U.S. state of Texas and the 13th-largest city in the United States. It is the county seat of Tarrant County, covering nearly 350 square miles into three other counties: Denton, Parker, and Wise. According to the 2019 census estimates, Fort Worth’s population was 909,585. Fort Worth is the second-largest city in the Dallas–Fort Worth–Arlington metropolitan area, which is the fourth-most populous metropolitan area in the United States. Fort Worth has become one of the fastest-growing cities in the United States in recent years, particularly in the 21st century, and has more than doubled its population since 2000. Fort Worth is home to the Van Cliburn International Piano Competition and several world-class museums designed by internationally known contemporary architects. The Kimbell Art Museum, considered to have one of the best art collections in Texas, is housed in what is widely regarded as one of the outstanding architectural achievements of the modern era. The museum was designed by American architect Louis Kahn, with an addition designed by world-renowned Italian architect Renzo Piano opening November 2013. Also of note is the Modern Art Museum of Fort Worth, designed by Tadao Ando. The Amon Carter Museum of American Art, designed by Philip Johnson, houses one of the world’s most extensive collections of American art.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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