Listed by Secure Net Lease
$5,397,000
7-Eleven
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,793
Cap Rate 5.35%
NOI $288,730
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 14.9
Lease Expiration 06/01/2038
Remaining Term 11.9
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Price per SqFt $794
Year Built 2023
Buildings 1
Stories 1
Acreage 1.440
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2023
5.35% CAP | Located in Houston, TX
Marketing description
- New 15-Yr Corp. Absolute NNN Lease
- High Traffic & Affluent Area: Positioned at U.S. Highway 90 and Avenue E (62,000+ VPD), with over 353k Residents and $102K+ Average HH Income in a 5-Mile Radius.
- Prime Location & Strong Tenant Mix: Located Less than a Mile from Houston Community College, Surrounded by Top Tenants Like Chipotle, Starbucks, McDonald’s, and More.
- Near Houston: Only 20 Minutes from Houston, Offering Top Universities, Attractions, and a Thriving Culture.
- 7-Eleven: Recognized as a Top Global Retail Brand, 7-Eleven Operates over 85,000 Stores in 20 Countries, with a New Store Opening Every 3.5 Hours Worldwide.
Investment highlights
- 2023 Construction. 6,793+/- SF Building on 1.44+/- Acre Site
- Rare 15-Year NNN Lease with 7.5% Rent Increases Every 5 Years
- High Traffic & Affluent Area: U.S. Highway 90 & Avenue E (62,000+ VPD), 5-Mile Radius with 353k+ Residents and $102K+ Avg. Income
- Texas’ Fortune 500 Hub: Houston Leads Texas with 24 of 53 Fortune 500 HQs and Secured 255 New Projects in 2022 (3rd in U.S.)
- Prime Location: Less than a Mile from Houston Community College, Near Top Tenants Like Chipotle, Starbucks, McDonald’s, and More
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
- Houston | Most Populous City in Texas | MSA Population: 7.14M
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$288,730.00
$24,060.83/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
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