7-ELEVEN

Representative Photo

Representative Photo

Address: 1050 West Rusk St, Rockwall, TX 75087

Price: $3,341,000

NOI: $167,059

Building Size: +/- 3,062 SF

Lot Size: +/- 1.08 Acres

Type: Convenience & Fuel

Russel Smith

214.915.8890

Bob Moorhead

214.915.8890


 

INVESTMENT OVERVIEW

New 15 year absolute triple net lease with four (5-year) options to renew, creating a stable cash flow asset with no landlord responsibilities.
10% rent increases beginning in year 11 and every 5 years thereafter, providing a strong hedge against inflation.
Strategically located at the northwest quadrant of State Hwy 66 (24,000 VPD) and Lakeshore Dr (11,000 VPD) in Rockwall, TX.
The property benefits from its proximity to Lake Ray Hubbard, a freshwater reservoir that measures 22,745 acres and provides recreational activities such as boating, fishing, sailing, with excellent access from I-30.
Rockwall is a suburb of Dallas and has a population of 44,208. This is a more than a 45% population increase from the 2000 US census.