7-Eleven NNN Convenience
For Sale
Contact for pricing
Pending
760 Ovilla Rd, Glenn Heights, TX 75154
Built in 2022, this 7-Eleven leased convenience store sits on a 1.9-acre lot under absolute NNN terms.
Property Size4,650 SF
Lot Size1.90 Acres
Days on Market111
Property Features for 760 Ovilla Rd
General Information
Standard status
Pending
Size
4,650 SF
Lot size
1.90 Acres
Property subtype
Retail
Additional Details
Cap Rate
4.75%
Highway Access
Yes
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Sankalp Realty
Listed By:
Mukesh Parna · License #TX 0652949
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 11 at 2:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sankalp Realty
Investment Insights
Based on property information with market context.
A built-in-2022 7-Eleven convenience store property offered on an absolute NNN basis. The asset comprises a 4,650-square-foot building on a 1.9-acre lot and is leased to 7-Eleven, Inc. The lease term is structured as a 15-year absolute NNN agreement, with rent increases every five years and four additional 5-year renewal options. S&P “A” credit is noted for the corporate tenant, and the offering materials state no landlord responsibilities.
The property is located at 760 Ovilla Road in Glenn Heights, Texas, approximately one mile from I-35E, which connects major Texas cities.
The property is located at 760 Ovilla Road in Glenn Heights, Texas, approximately one mile from I-35E, which connects major Texas cities.
Key Highlights
- Built in 2022: 4,650 SF 7‑Eleven convenience store on a 1.9‑acre lot
- 15‑year absolute NNN lease to 7‑Eleven, Inc. with 4.75% CAP rate and $277,381 NOI
- S&P "A" credit tenant and rent increases every 5 years
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
18k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
17,296 visits/mo
0.1 miles
Small Town Storage
Shops & Services
346 visits/mo
0.4 miles
Demographics for 75154, TX
45,894
Population
17,170
Households
2.7
Avg Household Size
36
Median Age
31%
College-Educated
88%
High-School Grad
47.8 sq mi
ZIP Area
960
Density / Sq Mi
$96,150
Median Household Income
$48,112
Median Earnings
$1,446
Median Rent
$296,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Built in 2022, this 7-Eleven leased convenience store sits on a 1.9-acre lot under absolute NNN terms.
Where is this grocery and convenience store located?
The property is located at 760 Ovilla Rd Glenn Heights, TX.
What are key features of this property?
This property features: Built in 2022: 4,650 SF 7‑Eleven convenience store on a 1.9‑acre lot; 15‑year absolute NNN lease to 7‑Eleven, Inc. with 4.75% CAP rate and $277,381 NOI; S&P "A" credit tenant and rent increases every 5 years
