1600 Main StAllen, TX 75002

For Sale
$4,262,105

High-traffic, 15-year lease, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station located at 1600 E Main St, Allen, TX 75002. The property boasts a 3,050 square foot building situated on a 1.05-acre lot, featuring 6 gas islands (12 pumps) and easy access from both cross streets. The property benefits from a highly favorable location in a densely populated area, ranking in the top 9% nationally for foot traffic among 7-Eleven stores. The current tenant, 7-Eleven, holds an investment-grade credit rating and has operated at this location for over 20 years. A new 15-year lease was recently executed, extending through October 31, 2039, with four 5-year renewal options and built-in 10% rent increases every 5 years, providing a hedge against inflation. The property's Net Operating Income (NOI) is $202,400, resulting in a 4.75% cap rate. The asking price is $4,262,105. This NNN lease structure offers zero landlord responsibilities. The property is located within a thriving commercial area in the Dallas-Fort Worth MSA, a major market with a large and growing population, high average household incomes (over $137,000 within 5 miles), and strong nearby tenants including CVS, Walmart, Starbucks, and many more. The property is eligible for bonus depreciation. This is a low-risk, high-reward investment in a recession-resistant industry.

Highlights

  • Fee-simple 7-Eleven with gas station; 3,050 SF building on 1.05-acre lot, Allen, TX.
  • Prime corner location with 6 gas islands (12 pumps) and easy access from both cross streets.
  • Strong tenant (7-Eleven) with investment-grade credit, 15-year lease (through 10/31/2039) with four 5-year options and 10% rent increases every 5 years.
  • High-traffic location, top 9% nationally for 7-Eleven stores; $202,400 NOI, 4.75% cap rate, $4,262,105 asking price.
  • NNN lease, zero landlord responsibilities; bonus depreciation eligible.
  • Thriving Dallas-Fort Worth MSA location; high average household income ($137,000+ within 5 miles); strong nearby tenants (CVS, Walmart, Starbucks, etc.).

Property Details for 1600 Main St

Property type
Other retail properties, Automotive properties
Square Feet
3,050 SF
Year Built
2001
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Allen
County
Collin
State
Texas
Latitude
33.0997929
Longitude
-96.6282399
1600 Main St, Allen, Texas

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1600 Main St
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