1600 Main StAllen, TX 75002

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.