Listed by Anchor Point Capital
$3,642,857
Absolute NNN Shell Gas Station | Houston MSA, TX
Details
Property Type Retail
Sub Type Gas Station, Convenience Store
Square Footage 4,240
Cap Rate 7.00%
NOI $255,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/26/2044
Rent Bumps Yes
Lease Options 4 - 5Yr Options @ 2% Annually
Year Built 2001
Acreage 0.480
Investment Type Net Lease
Lease Commencement 09/27/2024
Ground Lease No
Ownership Fee Simple
Dense Infill; 230,000+ Residents; 23,800+ VPD at Intersection
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
- 4,240 Square-Foot Convenience Store with 6 Fueling Lanes
- Excellent Visibility and Access
Outstanding Location in Houston, MSA
- Signalized Hard Corner Intersection
- 23,800 Cars Per Day at the Intersection of Morton Road and Greenhouse Road
- Excellent Demographics with Population of 230,756 and $113,824 Average Household Income within a 5-Mile Radius
- Katy Is Part of the Houston MSA, One of the Fastest‑Growing Large Metros in the U.S. and a Major Hub for Energy, Petrochemical, and Port‑Related Employment
- Katy is in the High‑Growth Katy/West Houston Submarket within the Income Tax Free state of Texas
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
- 4,240 Square-Foot Convenience Store with 6 Fueling Lanes
- Excellent Visibility and Access
Outstanding Location in Houston, MSA
- Signalized Hard Corner Intersection
- 23,800 Cars Per Day at the Intersection of Morton Road and Greenhouse Road
- Excellent Demographics with Population of 230,756 and $113,824 Average Household Income within a 5-Mile Radius
- Katy Is Part of the Houston MSA, One of the Fastest‑Growing Large Metros in the U.S. and a Major Hub for Energy, Petrochemical, and Port‑Related Employment
- Katy is in the High‑Growth Katy/West Houston Submarket within the Income Tax Free state of Texas
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$255,000.00
$21,250.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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