Listed by Atlantic Capital Partners
$3,533,000
7-Eleven | Houston, TX
Details
APN 0060900030017
Property Type Retail
Sub Type Gas Station, Storefront
Net Rentable (SqFt) 4,842
Units 1
Cap Rate 5%
NOI $176,660
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 08/31/2036
Remaining Term 10.2
Rent Bumps Yes
Lease Options 4 x 5-year options
Year Built 2021
Acreage 0.840
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2021
Ground Lease Yes
5% CAP | CORP GROUND LEASE | ALONG I-10
Investment highlights
ABSOLUTE NNN GROUND LEASE | ZERO LANDLORD RESPONSIBILITIES
- The Property is leased on an Absolute NNN ground lease structure, providing investors with a durable income stream
CORPORATE 7-ELEVEN GUARANTY
- The lease is corporately guaranteed by 7-Eleven, Inc., the world's largest convenience store operator with more than 83,000 locations across 19 countries
10 YEARS OF REMAINING TERM WITH EMBEDDED RENT GROWTH
- The lease features approximately 10 years of remaining term with 10% rental increases every five years and throughout the option periods, providing predictable income growth over the hold period
HIGH-TRAFFIC SIGNALIZED LOCATION ALONG I-10
- The Property is positioned at the signalized intersection of Barker Cypress Road and Interstate 10, benefiting from immediate access and visibility along one of west Houston's primary commuter and commercial corridors with more than 247,000 vehicles per day on I-10
DENSE & AFFLUENT HOUSTON TRADE AREA
- The surrounding trade area includes more than 268,000 residents within five miles and average household incomes exceeding $116,000, supporting consistent demand for daily-needs convenience retail
LOCATED IN THE HOUSTON MSA
- Houston is the fifth-largest metro in the United States, with more than 7.3 million residents and a diversified economy anchored by energy, healthcare, aerospace, manufacturing, logistics, and international trade
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$176,660.00
$14,721.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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