EXCLUSIVE OFFERING | $3,323,000 7-Eleven, INC. – Corporate ABSOLUTE NNN 2691 John West Rd, Dallas, TX FILE PHOTO 214.915.8890 RUSSELL SMITH [email protected]BOB MOORHEAD [email protected]Property. New Construction. 3,062+ SF building on 0.92+ acre site. Tenant. Lessee: 7-Eleven, Inc. Operates in 18 countries and employs over 45,000 people. Founded in 1927 and headquartered in Dallas, Texas. S&P Rated AA-. Largest chain store operator worldwide with some 60,000 stores, 10,700+ are in North America. Lease structure. New, 15-year, corporate absolute NNN with 10% rent increases every 5-years beginning after year 10. Location. 7-Eleven is strategically located on the northwest corner of La Prada Dr. (19,000 VPD) and John West Rd. (10,000 VPD) in east Dallas, TX. The subject property will benefit as approximately 135,000 people reside with in 3-miles of the site. Additionally, several large corporation such as Pepsi Co. and business parks are within close proximity. Eastfield College’s 244-acre campus and 15,105 student population is just 1-mile up the road. 7-Eleven is approximately 8-miles from downtown Dallas, TX. Traffic volumes, growth, and accessibility of the immediate trade area have attracted numerous nationally known retail brands to the trade area. The subject property is surrounded by notable national credit tenants such as Walmart, Sam’s Club, Planet Fitness, Staples, Walgreens, CVS, Save A Lot, AutoZone, O’Reilly, Dollar Tree, Dollar Tree, Denny’s, Waffle House, Wingstop, Whataburger, Taco Cabana, Sonic, Jack in the Box, McDonald’s, Panda Express, Wendy’s, Burger King, Popeyes, Taco Bell, KFC, Pizza Hut, and many more.
Property. New Construction. 3,062+ SF building on 0.92+ acre site.
Tenant. Lessee: 7-Eleven, Inc. Operates in 18 countries and employs over 45,000 people. Founded in 1927 and headquartered in Dallas, Texas.
S&P Rated AA-. Largest chain store operator worldwide with some 60,000 stores, 10,700+ are in North America.
Lease structure. New, 15-year, corporate absolute NNN with 10% rent increases every 5-years beginning after year 10.
Location. 7-Eleven is strategically located on the northwest corner of La Prada Dr. (19,000 VPD) and John West Rd. (10,000 VPD) in east Dallas, TX. The
subject property will benefit as approximately 135,000 people reside with in 3-miles of the site. Additionally, several large corporation such as Pepsi Co. and
business parks are within close proximity. Eastfield College’s 244-acre campus and 15,105 student population is just 1-mile up the road. 7-Eleven is
approximately 8-miles from downtown Dallas, TX. Traffic volumes, growth, and accessibility of the immediate trade area have attracted numerous nationally known
retail brands to the trade area. The subject property is surrounded by notable national credit tenants such as Walmart, Sam’s Club, Planet Fitness, Staples,
Walgreens, CVS, Save A Lot, AutoZone, O’Reilly, Dollar Tree, Dollar Tree, Denny’s, Waffle House, Wingstop, Whataburger, Taco Cabana, Sonic, Jack in the Box,
McDonald’s, Panda Express, Wendy’s, Burger King, Popeyes, Taco Bell, KFC, Pizza Hut, and many more.
Table of contents | Disclaimer 7-Eleven, INC.
2691 John West Rd, Dallas, TX
Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at
2691 John West Rd., Dallas, TX the owner of the Property (“Seller”). The Property is being
offered for sale in an “as-is, where-is” condition and Seller and Agent make no
representations or warranties as to the accuracy of the information contained in this
Offering Memorandum. The enclosed materials include highly confidential information and
are being furnished solely for the purpose of review by prospective purchasers of the
interest described herein. The enclosed materials are being provided solely to facilitate the
prospective investor’s own due diligence for which it shall be fully and solely responsible.
The material contained herein is based on information and sources deemed to be reliable,
but no representation or warranty, express or implied, is being made by Agent or Seller or
any of their respective representatives, affiliates, officers, employees, shareholders,
partners and directors, as to the accuracy or completeness of the information contained
herein. Summaries contained herein of any legal or other documents are not intended to be
comprehensive statements of the terms of such documents, but rather only outlines of
some of the principal provisions contained therein. Neither the Agent nor the Seller shall
have any liability whatsoever for the accuracy or completeness of the information contained
herein or any other written or oral communication or information transmitted or made
available or any action taken or decision made by the recipient with respect to the Property.
Interested parties are to make their own investigations, projections and conclusions without
reliance upon the material contained herein. Seller reserves the right, at its sole and
absolute discretion, to withdraw the Property from being marketed for sale at any time and
for any reason. Seller and Agent each expressly reserves the right, at their sole and
absolute discretion, to reject any and all expressions of interest or offers regarding the
Property and/or to terminate discussions with any entity at any time, with or without notice.
This offering is made subject to omissions, correction of errors, change of price or other
terms, prior sale or withdrawal from the market without notice. Agent is not authorized to
make any representations or agreements on behalf of Seller. Seller shall have no legal
commitment or obligation to any interested party reviewing the enclosed materials,
performing additional investigation and/or making an offer to purchase the Property unless
and until a binding written agreement for the purchase of the Property has been fully
executed, delivered, and approved by Seller and any conditions to Seller’s obligations
hereunder have been satisfied or waived. By taking possession of and reviewing the
information contained herein, the recipient agrees that (a) the enclosed materials and their
contents are of a highly confidential nature and will be held and treated in the strictest
confidence and shall be returned to Agent or Seller promptly upon request; and (b) the
recipient shall not contact employees or tenants of the Property directly or indirectly
regarding any aspect of the enclosed materials or the Property without the prior written
approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied
or otherwise reproduced without the prior written authorization of Seller and Agent.
PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW
PAGE 1: COVER
PAGE 2: TABLE OF CONTENTS | DISCLAIMER
PAGE 11-12: LOCATION MAPS
PAGE 7: SITE PLAN
PAGE 9-10: LOCATION OVERVIEW
Disclaimer
PAGE 13: DEMOGRAPHICS
PAGE 5-6: AERIAL PHOTOS
2
PAGE 8: SITE RENDERINGS
PAGE 4: IN THE NEWS
CONSTURCTION PROGRESS 1.25.18
Investment overview7-Eleven, INC.
2691 John West Rd, Dallas, TX
Tenant overview7-Eleven, Inc., a Texas corporation
Lease overview
PRICE: $3,323,000
NET OPERATING INCOME: $154,525
BUILDING AREA: 3,062+ Square Feet
LAND AREA: 0.92+ Acres
YEAR BUILT: 2018
LANDLORD RESPONSIBILITY: None
OWNERSHIP: Fee Simple Interest
OCCUPANCY: 100%
3
7-ELEVEN | www.7-eleven.com | S&P Rating: AA-
The brand name 7-Eleven is now part of an international chain of convenience stores, operating under Seven-Eleven Japan Co., Ltd., primarily operating
as a franchise. It is the largest chain store operator with approximately 60,000+ locations operating around the world, surpassing the previous record-holder
McDonald’s Corporation in 2007. Its stores are located in sixteen countries, with its largest markets being Japan, the United States, Canada, the Philippines,
Hong Kong, Taiwan, Malaysia and Thailand. 7-Eleven, Inc. as a former U.S.-originating company, is a subsidiary of Seven-Eleven Japan Co., Ltd, which
in turn is owned by Seven & I Holdings Co. of Japan. The US chain has its headquarters in downtown Dallas, Texas.
The company operates, franchises and licenses more than 10,700+ stores in the U.S. and Canada. Of the more than 10,700 stores the company operates and
franchises in the United States, approximately 8,000 are franchised. Outside of the U.S. and Canada, there are more than 44,700 7-Eleven and other convenience
stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, Philippines, Indonesia, Norway, Sweden and Denmark.
7-Eleven also is one of the nation’s largest independent gasoline retailers. Its company’s name was changed from The Southland Corporation to 7-Eleven, Inc.
after approval by shareholders on April 28, 1999.
7-Eleven focuses on meeting the needs of convenience-oriented customers by providing a broad selection of fresh, high-quality products and services at everyday
fair prices, speedy transactions and a clean and friendly shopping environment. Each store’s selection of about 2,500 different products and services is
tailored to meet the needs and preferences of local customers. Stores typically vary in size from 2,400 to 3,000 square feet and are most often located on corners
for great visibility and easy access. 7-Eleven Accolades include: Ranked #1 on Entrepreneur magazine’s 2017 Top Global Franchises List; Ranked #1 spot on
Entrepreneur magazine’s Franchise 500’s Top 10 Most Popular Retail Companies for 2016, and No.3 in Forbes magazine’s Top 20 Franchises to Start. 7-Eleven
is No. 5 on FranchiseRanking.com for Best Convenience Store Franchise Company USA, and among GI jobs magazine’s Top 100 Military Friendly Employers.
Projected Lease Expiration: March 2033
Projected Rent Commencement: March 2018
Lease Term: 15-Years, Plus (4), 5-Year Options to Extend
Rent Increases: 10% Every 5 Years beginning after Year 10
Lease Type: Corporate Absolute NNN
Annual Rent Yrs 1-10: $154,525
Annual Rent Yrs 11-15: $169,977
Option 1 | Yrs 16-20: $186,975
Option 2 | Yrs 21-25: $205,672
Option 3 | Yrs 26-30: $226,239
ROFO to Purchase: Yes
Option 4 | Yrs 31-35: $248,863
In the news7-Eleven, INC.
2691 John West Rd, Dallas, TX
4
"7-Eleven® Tops Entrepreneur's 2017 Franchise 500 - Tuesday, January 10, 2017."Home -7-Eleven Corporate. N.p., n.d. Web. 05 July 2017.
IRVING, TEXAS (Jan. 10, 2017) – 7-Eleven, Inc. has won the coveted No. 1 position among the franchise elite in Entrepreneur magazine’s 38th annual Franchise 500. Billed as the
most comprehensive franchise ranking in the world, the Franchise 500 presents the top franchise opportunities based on an in-depth evaluation that measures financial strength,
stability, growth rate, and brand power.
“As a franchisor, being recognized as the No. 1 business opportunity by Entrepreneur Magazine is a tremendous honor,” said 7-Eleven President and CEO Joe DePinto. “In turn, we
recognize that our franchise owners are the key to this iconic brand’s success and share this award with them. Together, we have created a winning franchise system and work every
day to provide new opportunities to entrepreneurs.”
Entrepreneur evaluates companies on several key factors: costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a
cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
Since its inception, Entrepreneur’s Franchise 500 has come to be recognized as a competitive measure for franchisors and an important research tool for entrepreneurs looking for
business opportunities.
“We spend months gathering and crunching data to produce the Franchise 500 ranking,” said Jason Feifer, editor-in-chief of Entrepreneur, “and have developed new ways to measure
and analyze franchisors as new critical data points come into play. Franchising is ever-evolving, and factors such as social media presence and financing availability have become
increasingly important.”
7-Eleven created the convenience store concept 90 years ago when a Dallas ice-dock operator decided to offer milk, eggs, and bread in response to his customers’ needs. The
company’s first expansion outside of Texas was in Florida. The retailer entered the franchising arena in 1964 with the acquisition of Speedee Mart, a chain of franchised convenience
stores in California.
Today, 7-Eleven is the largest convenience store in the world. 7-Eleven operates, franchises or licenses more than 61,000 stores in 18 countries. Almost 11,000 of those are in North
America, and 7-Eleven plans to increase its U.S. presence significantly in the coming years. Currently, 90 percent of 7-Eleven stores in the U.S. are franchised.
7-Eleven’s growth strategy attracts a high-quality, diverse mix of individuals to franchise new and existing stores, and encourages current Franchisees to acquire additional stores. The
convenience retailer features attractive franchising programs for military veterans along with opportunities for independent convenience store owners to convert and operate their
stores under the 7-Eleven Brand.
“We have aggressive growth goals.” DePinto said, “This is an exciting time for entrepreneurial business owners to join an iconic brand and franchise network.”
To streamline the franchising process, 7-Eleven has developed an online application, and franchise candidates can be approved, trained to operate their stores in as little as three to
six months. Candidates can visit Franchise.7-Eleven.com to apply.
“7-Eleven is always looking for new Franchisees to serve their communities, including diverse candidates and retired veterans looking for a second career,” said Larry Hughes,
7-Eleven vice president of Franchise Systems. “As we have expanded our fresh and hot food program, entrepreneurs with restaurant and food service experience have begun to seek
us out. We welcome enthusiastic entrepreneurs who meet our qualifications to see for themselves why 7-Eleven is the best franchise opportunity.”
7-Eleven is strategically located on the northwest corner of La Prada Dr. (19,000 VPD) and John West Rd. (10,000 VPD) in east Dallas, TX. La Prada Dr. and John West
Rd. are local thoroughfares that serves the east Dallas communities, as well as thoughs in the adjacent city of Mesquite, TX. The subject property will benefit as
approximately 135,000 people reside with in 3-miles of the site. Additionally, several large corporation such as Pepsi Co. and business parks are within close proximity.
Eastfield College’s 244-acre campus and 15,105 student population is just 1-mile up the road. 7-Eleven is approximately 8-miles from downtown Dallas, TX.
Traffic volumes, growth, and accessibility of the immediate trade area have attracted numerous nationally known retail brands to the trade area. Town East Mall, just 2-
miles east of the site, is the 10th largest mall in the state of Texas with 1,250,000 SF of gross leasable area. The subject property is surrounded by notable national credit
tenants such as Walmart, Sam’s Club, Planet Fitness, Staples, Walgreens, CVS, Save A Lot, AutoZone, O’Reilly, Dollar Tree, Dollar Tree, Denny’s, Waffle House,
Wingstop, Whataburger, Taco Cabana, Sonic, Jack in the Box, McDonald’s, Panda Express, Wendy’s, Burger King, Popeyes, Taco Bell, KFC, Pizza Hut, and many more.
DALLAS, TX
Dallas is the 3rd largest city in the state of Texas and the ninth-largest in the United States with a population of over 1,318,000. The city's prominence arose from its
historical importance as a center for the oil and cotton industries, and its position along numerous railroad lines. With the advent of the interstate highway system in the
1950's and 1960's, Dallas became an east/west and north/south focal point of the interstate system with the convergence of four major interstate highways in the city,
along with a fifth interstate loop around the city. Dallas developed a strong industrial and financial sector, and a major inland port, due largely to the presence of
Dallas/Fort Worth International Airport, one of the largest and busiest airports in the world. Dallas has more shopping centers per capita than any other city in the United
States and is also is home to two super regional center malls, the Dallas Galleria and NorthPark Center, which is the 2nd largest mall in Texas.
Dallas is home to the 3rd-largest concentration of Fortune 500 campiness in the country and is the largest economic center of the DFW Metroplex In the latest rankings
released in 2013, Dallas was rated as an “beta plus” world city by the Globalization and World Cities Study Group & Network. It is also the only city in the South Central
and Southwest regions to achieve that status. Dallas is also ranked 6th in the US and 14th in world rankings of GDP by the Organization for Economic Co-operation and
Development.
FILE PHOTO
7-Eleven is named #1 Franchisor by Entrepreneur Magazine.
Location overview7-Eleven, INC.
2691 John West Rd, Dallas, TX
10
DALLAS - FORT WORTH - ARLINGTON MSA
The Dallas – Fort Worth – Arlington Metropolitan Statistical Area (MSA) encompasses 13 counties within the U.S. state of Texas. It is the economic and cultural hub of the
region commonly called North Texas or the Metroplex and is the largest land-locked metropolitan area in the United States.
The projected Dallas-Fort Worth Metroplex population for 2016 was 7,268,910. During the 12-month period from July 2008 to July 2009, the Dallas-Fort Worth-Arlington
metropolitan area gained 146,530 new residents, more than any other metropolitan area in the United States. The area's population has grown by about 1 million since
the last census was administered in 2000. The Dallas–Fort Worth–Arlington MSA is, by population, the largest metropolitan area in Texas, the largest in the South, the
4th largest in the United States, and the 10th largest in the Americas. The metropolitan area has the 4th largest gross metropolitan product (GMP) in the United States,
and approximately 10th largest by GMP in the world.
The Metroplex has one of the highest concentrations of corporate headquarters in the United States. 20 Fortune 500 companies are headquartered in the area. The city
of Dallas alone has the 3rd largest concentration of Fortune 500 headquarters in the country. The Metroplex also contains the largest Information Technology industry
base in the state (often referred to as Silicon Prairie or the Telecom Corridor), due to the large number of corporate IT projects and the presence of numerous electronics,
computing and telecommunication firms. The Telecom Corridor located just north of Dallas in Richardson is home to more than 5,700 companies including Texas
Instruments which employs over 10,000 people at its headquarters. HP Enterprises Services, Dell Services, i2, AT&T, Ericsson, CA and Verizon also have headquarters
or major operations in and around Dallas. The Texas farming and ranching industry, based in Fort Worth adds to the economic diversification of the area. Several major
defense manufacturers, including Lockheed Martin, Bell Helicopter Textron, and Raytheon, maintain significant operations in the Metroplex. ExxonMobil, the #1
corporation on the Fortune 500 listings, is headquartered in Irving, Texas.
DALLAS
Location map7-Eleven, INC.
2691 John West Rd, Dallas, TX
11
Location map7-Eleven, INC.
2691 John West Rd, Dallas, TX
12
2017 Est. Labor Population Age 16 Years or Over 12,669 46,106 101,236
2017 Est. Civilian Employed 65.4% 62.5% 63.8%
2017 Est. Civilian Unemployed 4.6% 4.2% 3.3%
2017 Est. in Armed Forces - - -
2017 Est. not in Labor Force 30.0% 33.3% 32.8%
2017 Labor Force Males 45.4% 46.8% 47.4%
2017 Labor Force Females 54.6% 53.2% 52.6%
2010 Occupation: Population Age 16 Years or Over 8,292 28,736 64,566
