1246 FM 407
Argyle, TX 76226
7-Eleven: Northlake, TX · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 2,958-square-foot freestanding 7-Eleven situated on 1.13 acres in Northlake, Texas (MSA Population: 7.2 Million). Northlake is a rapidly growing upscale bedroom community located 40 miles northwest of Dallas. 7-Eleven’s 15-year absolute NNN lease is expected to commence upon completion of construction and will feature 7.50% rent increases every 5-years during the initial term and in each of the four 5-year renewal options. The site is positioned with excellent access and visibility on FM 407 (Traffic Count: 5,600 VPD) just 0.4 miles west of I-35 (Traffic Count: 38,000 VPD) which provides access to Downtown Dallas. The property is also strategically situated within the 17.58-acre Northlake Town Square development which is currently under construction and will include Northlake’s City Hall and a 104,158-square-feet of mixed-use space designed for professional/medical office and retail use. 7-Eleven will also benefit from its location just outside the entrance to Harvest Meadows, a 1,150-acre urban agrarian, master planned community which upon completion will include 3,500+ single family homes priced from $300,000-$650,000.