Calloway's - Dallas, TX
7600 Greenville Ave, Dallas, TX, 75231, US
3,252 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant 7-Eleven at 694 E Ovilla Road in Red Oak, Texas (“Property” or “Asset”). The Property is operating on an absolute NNN lease with ±14.4 years of primary lease term remaining, 10.0% rent escalations every 5 years and four, five-year options.
TX Broker of Record: Colby Mueck - TX License #500827
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Attributes
Asking price
CHF 6,561,000
Cap rate
4.85%
NOI
CHF 319,000
WAULT
14.4 years
Land area gross
0.75 ha
Building area net
454 m²
Year built
2025
Media
Investment Highlights
- Fee simple and bonus deprecation eligible (check with your CPA)
- ±14.4 years of absolute NNN primary lease term from investment grade ‘A’ tenant
- Signalized intersection, hard corner with visibility to 17,500+ VPD
- Adjacent to Google’s newly developed $600M, 165-acre data center campus
- Red Oak is a rapidly growing city with over 50% population growth in 5 years
- Proximate to major aerospace facilities with substantial workforces
Contact brokers
7-Eleven - Red Oak, TX (Dallas MSA) (0 Properties)
