7-Eleven NWC of Highway 190 and Merritt Road

7-Eleven signed a 15-year absolute new corporate lease for a 2024 convenience and fuel location in the high growth northern DFW submarket of Sachse, TX. The tenant is anticipated to open for business on December 10, 2024. The property is located 20 minutes from downtown Dallas and DFW Airport. 7-Eleven sits on 2.10 acres with excellent positioning at the signalized hard corner of President George Bush Turnpike and Merritt Road which boasts a combined traffic count of over 89,900 VPD. The property consists of a 4,761 SF masonry construction convenience store including sixteen (16) 7-Eleven branded gas pumps. The lease features 7.5% rent escalations every five (5) years with four 5-year renewal options and zero landlord responsibilities. 7-Eleven, Inc. corporate credit is rated “A” by S&P and “Baa2” by Moody’s, both considered investment grade. The property benefits from Laredo Taco Company, excellent visibility on a signalized hard corner with access points along Merritt Road and PGBT frontage road, direct adjacency to 600 apartment units and a highly visible double sided monument sign fronting PGBT frontage road. Notable national area retailers include The Home Depot, Kroger, Walgreens, Tom Thumb, CVS, Kohl’s, Hobby Lobby, Best Buy, Dillard’s, Macy’s and Lowes amongst others.