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7-Eleven (Leasehold Interest)

1700 William D Tate Ave, Grapevine, TX 76051

Listing Price: $1,390,161

Cap Rate
9.50%
Tenant Name
7-Eleven
Years Remaining On Lease
8.7
Gross SF
3,204
Guarantor
Corporate Guarantee
Rentable SF
3,204
Price/Gross SF
$433.88
Lease Type
Absolute Net
Rent Per Square Feet
$41.22

Investment Overview

7-Eleven/ Knockout Sports Bar Portfolio Combined Price: $3,095,000 Marcus & Millichap is pleased to present the opportunity to acquire absolute net leaseholds for a 7-Eleven and Knockout Sports Bar in Grapevine, Texas. 7-Eleven consists of a 3,204-square-foot, freestanding building that sits on approximately 1.26 acres of land. There are approximately 8.8 years remaining on the current lease term, with 10 percent rental escalations scheduled every five years. The tenant has operated at this location for 24 years. Knockout Sports Bar consists of a 8,189-square-foot, freestanding building that sits on approximately 1.85 acres of land. The tenant signed a new 9-year lease with rental escalations every five years. The building was renovated in 2021. The property has excellent visibility on William D Tate Avenue, where traffic counts exceed 46,586 vehicles per day. The area is extremely dense with more than 133,438 residents within a five-mile radius. Surrounding retailers in the immediate area include Walmart Supercenter, Sam’s Club, Best Buy, Main Event, Big Lots, Cinemark, Taco Bell, Chase Bank, QuikTrip, Ross Dress For Less, Chili’s, Chick-fil-A, Arby’s and many more.

Investment Highlights

  • Located Minutes from DFW International Airport - 4th Busiest Airport in the World by Passenger Traffic
  • Absolute Net Leases with Approximately 9 Years Remaining
  • Leasehold Interest – No Landlord Responsibilities
  • Excellent Visibility on William D Tate Avenue (46,586 VPD) Near TX-114 (126, 470 VPD)
  • More than 133,483 Residents Within a Five-Mile Radius
  • Affluent Dallas Submarket - Average Household Income of $159,190 Within a Five-Mile Radius

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

7-Eleven (Leasehold Interest)

Listing Price: $1,390,161

Cap Rate
9.50%
Tenant Name
7-Eleven
Years Remaining On Lease
8.7
Gross SF
3,204
Guarantor
Corporate Guarantee
Rentable SF
3,204
Price/Gross SF
$433.88
Lease Type
Absolute Net
Rent Per Square Feet
$41.22

Investment Highlights

  • Located Minutes from DFW International Airport - 4th Busiest Airport in the World by Passenger Traffic
  • Absolute Net Leases with Approximately 9 Years Remaining
  • Leasehold Interest – No Landlord Responsibilities
  • Excellent Visibility on William D Tate Avenue (46,586 VPD) Near TX-114 (126, 470 VPD)
  • More than 133,483 Residents Within a Five-Mile Radius
  • Affluent Dallas Submarket - Average Household Income of $159,190 Within a Five-Mile Radius

Investment Overview

7-Eleven/ Knockout Sports Bar Portfolio Combined Price: $3,095,000 Marcus & Millichap is pleased to present the opportunity to acquire absolute net leaseholds for a 7-Eleven and Knockout Sports Bar in Grapevine, Texas. 7-Eleven consists of a 3,204-square-foot, freestanding building that sits on approximately 1.26 acres of land. There are approximately 8.8 years remaining on the current lease term, with 10 percent rental escalations scheduled every five years. The tenant has operated at this location for 24 years. Knockout Sports Bar consists of a 8,189-square-foot, freestanding building that sits on approximately 1.85 acres of land. The tenant signed a new 9-year lease with rental escalations every five years. The building was renovated in 2021. The property has excellent visibility on William D Tate Avenue, where traffic counts exceed 46,586 vehicles per day. The area is extremely dense with more than 133,438 residents within a five-mile radius. Surrounding retailers in the immediate area include Walmart Supercenter, Sam’s Club, Best Buy, Main Event, Big Lots, Cinemark, Taco Bell, Chase Bank, QuikTrip, Ross Dress For Less, Chili’s, Chick-fil-A, Arby’s and many more.

Exclusively Listed By

Financing By

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