August 31, 2020 – Brian Ahrens and Justin Spillane of Horvath & Tremblay have successfully completed the sale of 7-Eleven in Coppell, Texas. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $4,400,582, a 4.6% Cap Rate.
7-Eleven is located at 890 S Denton Tap Road in Coppell, Texas. The stand-alone building was constructed in 2020 for 7-Eleven and consists of 2,993 square feet on 0.97 acres of land. 7-Eleven has a new 15 year, corporately backed, Absolute NNN Lease with four, 5-Year Options. The lease features 10% rent increases every five years throughout both the current term and the option periods. 7-Eleven is strategically positioned along S Denton Tap Road, with excellent visibility and access along a dense retail corridor with average traffic counts of more than 35,949 vehicles per day. The property is also located less than 2-miles from the 7-Eleven corporate headquarters, less than 3-miles from Legoland and 4-miles from Dallas Fort Worth International Airport, which sees more than 64 million passengers annually.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.