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SEC Highway 144 and Hwy 67, Glen Rose, TX 76043 INTRO 7-Eleven, Inc. Brand New, 15-Years, Absolute NNN Lease S&P: AA- 10% Rental Increases Every 5-Years Site Will Feature High-Speed Diesel $6,518,000 | 4.60% CAP Large Lot Size - Over 2.20 Acres Eligible for Bonus Depreciation SEC Highway 144 and Hwy 67, Glen Rose, TX 76043 INTRO 7-Eleven, Inc., the Irving, Texas-based C-Store chain, operates, franchises and/or licenses almost 70,000 stores in 17 countries, including more than 12,000 locations in North America, making it the largest convenience retailer in the world. 2 SECURE NET LEASE OVERVIEW INVESTMENT OVERVIEW 7-ELEVEN GLEN ROSE, TX $6,518,000 4.60% CAP NOI Brand new build-to-suit with 7-Eleven, Inc. 7-Eleven (S&P rated AA-) operates more than 11,800 company-owned, $299,829 or franchised convenience stores in North America. Globally, 7-Eleven licenses more than 69,000 stores in over 18 countries. Building Area ±4,650 SF Absolute NNN Lease, with 10% rental increases every 5- years, making it an excellent passive investment that will hedge against inflation. Land Area ±2.28 AC Located Near Fossil Rim Wildlife Center. Fossil Rim Wildlife Center is an endangered species research and conservation center near Glen Rose, Texas. The facility has Year Built over 1,000 animals from 50 species. 2021 The Subject Property is Strategically Located Along Highway 67 (17,040 VPD) Lease Type Dinosaur Valley State Park. Dinosaur Valley State Park, Absolute NNN located just northwest of Glen Rose is a 1,524-acre scenic park set astride the Paluxy River. In addition to being a Occupancy state park, it is also a National Natural Landmark. CONTACT FOR DETAILS 100% Russell Smith Bob Moorhead Vice President Managing Partner (214) 915-8890 (214) 522-7210 [email protected] [email protected] This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. OVERVIEW TENANT OVERVIEW 7-ELEVEN GLEN ROSE, TX 7-Eleven Lesse: 7-Eleven, Inc. REVENUE 7-Eleven is now part of an international chain of convenience $5.1 B stores, operating under Seven-Eleven Japan Co., Ltd., and surpassed McDonald’s in 2007 as the world’s largest retailer. CREDIT RATING AA- 7-Eleven is also one of the nation's largest independent gasoline retailers. The company's largest markets are in the United States, Canada, the TOTAL LOCATIONS Philippines, Hong Kong, Taiwan, Malaysia and Thailand. 70,000 7-Eleven Accolades include: Ranked #1 on Entrepreneur magazine’s Top Global Franchises List; #1 spot on Entrepreneur magazine’s Franchise 500’s Top 10 Most Popular Retail Companies, and #2 in Forbes magazine’s Top 20 Franchises to Start; No. 2 on FranchiseRanking.com for Best Convenience Store Franchise Company USA, and among GI jobs magazine’s Top 100 Military Friendly Employers. 7-eleven.com 4 SECURE NET LEASE FEATURE IN THE NEWS 7-ELEVEN GLEN ROSE, TX 7-Eleven seeking 20,000 workers 7-Eleven plays host to entrepreneurs' across US locations, adding to 50,000 exclusive snacks, drinks already hired since March SEPTEMBER 1, 2020 (RETAIL CUSTOMER EXPERIENCE) DANIELLA GENOVESE, SEPTEMBER 21, 2020 (FOX BUSINESS) Convenience retailer 7-Eleven is once again supporting innovative products with its second Sips & Snacks initiative. 7-Eleven is seeking to hire an additional 20,000 employees nationwide as it looks to meet continued demand for its products This year's program will stock 200 California stores with 84 exclusive amid the COVID-19 pandemic. items from 25 up-and-coming brands, according to a press release. The stores participating in Sips & Snacks 2.0 are located in Los Angeles The new hires, which will fill positions across more than 9,000 U.S. and San Diego. stores, will also help with orders through the company's 7NOW delivery app, which has seen an uptick in orders since the pandemic hit the country earlier this month, the company announced Monday. "7-Eleven's Sips & Snacks initiative offers small businesses a rare opportunity to reach thousands — and potentially millions In hiring 20,000 more employees, 7-Eleven CEO Joe DePinto — of customers with their most innovative products. says the company will be able to "continue to fulfill our mission to give customers what they want, when and where they want it, whether in stores or at home." "This selection of sips and snacks are ones that a 7-Eleven customer might not expect to find at one of our stores," 7-Eleven Senior Vice President, Merchandising and Demand Chain Jack Stout said in the release. "7-Eleven's Sips & Snacks 7-Eleven was classified as an essential retailer, meaning its convenience retail initiative offers small businesses a rare opportunity to reach thousands — and stores remained open since March although it quickly enhanced its cleaning potentially millions — of customers with their most innovative products. We are procedures and added extra safety protocols to protect employees and excited to help boost emerging brands' growth, development and success by customers. giving them the chance to test their products in a real retail environment." Since then, the company -- including its independent 7-Eleven franchise owners -- The products will also be available for purchase on the 7NOW delivery app for has hired more than 50,000 workers to assist in its operations during the course customers located in the Los Angeles and San Diego areas. of the pandemic. More than 750 companies applied to be invited to present their brand at the In hiring 20,000 more employees, 7-Eleven CEO Joe DePinto says the company company's second annual emerging brands showcase, and 65 were invited to will be able to "continue to fulfill our mission to give customers what they want, participate in the two-day "show and taste" expo, according to the release. when and where they want it, whether in stores or at home." EXPLORE ARTICLE EXPLORE ARTICLE 5 SECURE NET LEASE OVERVIEW LEASE OVERVIEW 7-ELEVEN GLEN ROSE, TX Initial Lease Term 15-Years Rent Commencement April 2021 Lease Expiration April 2036 Lease Type Absolute NNN Rent Increases 10% Every 5-Years, Including Option Periods Annual Rent Years 1-5 US$299,829 Annual Rent Years 6-10 US$329,811 Annual Rent Years 11-15 US$362,793 Option 1 US$399,072 Option 2 US$438,980 Option 3 US$482,877 Option 4 US$531,165 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 6 SECURE NET LEASE 7 SECURE NET LEASE OVERVIEW SITE OVERVIEW 7-ELEVEN GLEN ROSE, TX Year Built 2021 Building Area ±4,650 SF Land Area ±2.28 AC NEIGHBORING RETAILERS • Exxon • O'Reilly Auto Parts • Dollar General • Burger King • Pizza Hut • Subway • Tractor Supply Co. • United States Postal Service • Brookshire's • H&R Block 8 SECURE NET LEASE OVERVIEW LOCATION OVERVIEW 7-ELEVEN GLEN ROSE, TX Demographics 1 Mile 3 Mile 5 Mile Population 1,477 4,510 7,248 Households 547 1,691 2,725 Average Household Income US$66,682 US$69,029 US$69,720 Total Household Expenditure $29.15 MM $92.29 MM $149.77 MM ECONOMIC DRIVERS (NUMBER OF EMPLOYEES) 1. AMR/American Airlines (25,000) 7. University of Texas at Arlington (7,311) 13. Bell Helicopter Textron (4,953) 2. Lockheed Martin (13,690) 8. JPS Health Network (6,500) 14. BNSF Railway (4,500) 3. Fort Worth ISD (12,000) 9. City of Fort Worth (6,161) 15. Tarrant County Government (4,310) 4. Texas Health Resources (12,000) 10. Cook Children’s Health Care System (6,042) 5. NAS - Fort Worth - JRB (10,000) 11. Tarrant County College (5,999) 6. Arlington ISD (8,500) 12. Alcon Laboratories Inc. (5,393) 9 SECURE NET LEASE OVERVIEW LOCATION OVERVIEW 7-ELEVEN GLEN ROSE, TX Glen Rose Texas 2,691 $34,808 Population Median Household Income Known for prehistoric creatures that roamed the Glen Rose is a city in and the county seat of Somervell Visitors can discover how Noah built the ark and get an up-close look at what it area millions of years ago, Glen Rose, Texas, is County. may have looked like when they visit Glen Rose’s Creation Evidence Museum. Fort often referred to as the dinosaur capital of the Worth, the city of cowboys and culture, is the 16th largest city in the United States world. Big Rocks Park, located less than one mile from Downtown Glen Rose and part of Texas' #1 tourist destination. The city is conveniently located 17 miles is a beautiful attraction with its brisk green waters of the Paluxy River. GLEN ROSE away from Dallas-Fort Worth International Airport, which serves as a gateway for visitors from all over the world. The city's nine major districts provide numerous options for entertainment, cultural experiences, premier shopping and delicious Situated among the rolling hills of North Texas just 50 miles southwest Located on the northern edge of the Texas Hill cuisine. Fort Worth maintains its small-town feel and hospitality while it embraces of Fort Worth, the “Dinosaur Capital of Texas” has plenty of small-town Country, the limestone hills and cool green waters modernization and growth opportunities. Known and the most typically "Texan" of charm and a host of unique, family activities. of the Paluxy River provide a soothing backdrop all Texas cities, Fort Worth balances its agriculture, cattle and oil heritage for both culture and outdoor enthusiasts.
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