December 17, 2021 – Kyle Danielson, Brian Ahrens and Justin Spillane of Horvath & Tremblay have successfully completed the sale of 7-Eleven in Coppell, Texas. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $5,400,000.
7-Eleven is located at 890 S Denton Tap Road in Coppell, Texas. The Property was constructed for 7-Eleven in 2020 and 7-Eleven has 13+ years remaining on their Absolute NNN lease with four (4) additional 5-year renewal options. The lease features a 10% rent increase every five years throughout the base term and at the start of each renewal option. The Property benefits from a central location at the heavily travelled, signalized intersection of S Denton Tap Road and E Belt Line Road. This is a flagship location for 7-Eleven as the Property sits less than 2-miles from the 7-Eleven Corporate headquarters. The Property is surrounded by national retailers and is just 1.7 miles from Interstates 635 and 35E, President George Bush Turnpike, and TX Routes 114 and 121. The Property is adjacent to Cypress Waters, a 1,000-acre master planned community, and is less than 5 miles from Dallas Fort Worth International Airport, Legoland, Grapevine Mills, an upscale 1.6 million square foot mall, Sea Life Grapevine, and the 7-Eleven Corporate headquarters.
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.