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29146361
29146363

7677 Gessner Rd, Houston, TX 77040

PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
JS
FL SL3602815, NY 10401372142
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa
$5,579,000
34 days on market
Updated 34 days ago

NNN 7-Eleven | Houston, TX

Details
APN 1.26239E+12
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,112
Cap Rate 5%
NOI $278,963
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 16
Lease Expiration 03/21/2034
Remaining Term 7.8
Rent Bumps Yes
Lease Options 5 (5-year)
Broker Co-Op Yes
Year Built 2015
Buildings 1
Stories 1
Acreage 2.690
Zoning Commercial
Parking Spaces 36 spaces
Parking Per SqFt 7.04
Tenant Credit Corporate Guarantee
Lease Commencement 03/28/2018
Ownership Fee Simple (Land & Building)
Sale Condition 1031 exchange

Absolute NNN | Corporate | 7-Eleven Houston, TX

Marketing description

Presenting a lucrative investment opportunity: the 7677 Gessner Road property in Houston, Texas. This single-tenant absolute NNN C-Store & Gas Station boasts an oversized parcel of 2.69 acres with multiple access points and a corporate guaranty from 7-Eleven. Enjoy the benefits of 100% bonus depreciation on this S&P-A rated property. With a net operating income of $278,963 and a competitive cap rate of 5.00%, this investment showcases stability and growth potential. The property features a 5,112 SF rentable area and a lease term extending beyond 8 years with 7.50% rental increases every 5 years. Take advantage of this opportunity with an established brand like 7-Eleven, known for its extensive presence in the convenience-retail industry. Don't miss out on the chance to own a prime investment property with future rental growth potential in a strategic location.

Investment highlights

  • 8+ Years Remaining | Scheduled Rental Increases | Established Brand

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Dense Retail/Industrial Corridor | Strong National/Credit Tenant Presence | Nearby Schools

  • Signalized, Hard Corner Intersection | Sam Houston Tollway | Excellent Visibility & Access

  • Strong Demographics In 5-mile Trade Area | Six-Figure Incomes

Listing Contacts

PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
JS
FL SL3602815, NY 10401372142
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Tampa

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$278,963.00
$23,246.92/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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