Listed by Anchor Point Capital
$6,836,256
Absolute NNN Texaco Gas Station | Houston, TX
Details
APN 128-017-001-0020
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,698
Net Rentable (SqFt) 4,298
Units 1
Cap Rate 7.25%
NOI $495,629
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Year Built 2006
Stories 1
Acreage 0.520
Investment Type Net Lease
Ground Lease No
Dense Infill; 345,000 Residents within 5 Miles
Marketing description
For More Information, Contact
Chandler Dignam [email protected]
Ned Skinner [email protected]
Excellent Single Tenant Investment Opportunity
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
- Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax professional)
- 2% Annual Rent Increases in Primary Term and Option Periods
- 4,281 Square-Foot Convenience Store with 8 Fueling Lanes
- Excellent Visibility and Access on Bammel North Houston Road
Investment highlights
For More Information, Contact
Chandler Dignam [email protected]
Ned Skinner [email protected]
Excellent Single Tenant Investment Opportunity
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
- Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax professional)
- 2% Annual Rent Increases in Primary Term and Option Periods
- 4,281 Square-Foot Convenience Store with 8 Fueling Lanes
- Excellent Visibility and Access on Bammel North Houston Road
Outstanding Location in Houston MSA
- Dense Infill Houston, TX Location; Over 345,000 Residents within 5 Miles
- Over 29,000 Cars per Day along Bammel North Houston Road
- Population Expected to Grow at 6% Through 2030 within 5 Miles
- Affluent Houston Neighborhood; Average Household Income Exceeds $116,000 within 1 Miles
- 30 Minute Drive to Downtown Houston
- Transportation Fuel and Maintenance is the Highest Consumer Expenditure within 3 Miles; 28.4% of all Spending
- Income Tax Free State of Texas
Listing Contacts
Listed by Anchor Point Capital
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$495,629.00
$41,302.42/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
