1600 Main StAllen, TX 75002
High-traffic, 15-year lease, strong ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
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
Nearby Similar for Sale
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