7-Eleven
Denton, Texas
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NNN Pro Group is pleased to present the exclusive listing for a 7-Eleven located at 1223 McCormick Street, in the Dallas-Fort Worth MSA in Denton, TX. The property consists of roughly 2,880 rentable square feet of building space on an estimated 0.89 parcel of land.
7-Eleven is subject to an Absolute Triple-Net (NNN) lease. The marketed rent is$127,776 annually with 10% increases every 5 years throughout the remaining each of the three (3), five (5)-year tenant renewal options, which extends the total possible lease term to 35 years.
About the Investment:
– Tenant Commitment to Location | Recent 5-Year Lease Extension | Roughly 5.4 Years Remaining on an Original 15-Year NNN Lease
– 10% Rental Increases Every Five (5) Years
– Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
– Investment Grade Credit Guarantee: 7-Eleven Corporate (S&P: AA-)
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