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34066102
34066103

22949 Kuykendahl Rd, Tomball, TX 77375

CK
CA 01911198
Matthews
KP
CA 01949749
Matthews
MT
NY 10401388321
Matthews
Listed by Matthews
$5,911,508
1 day on market
Updated 1 day ago

22949 Kuykendahl Rd, Tomball, TX 77375

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 4,750
Pumps 16
Cap Rate 6.50%
NOI $384,248
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 01/19/2037
Rent Bumps Yes
Lease Options Five, 5-Year Options
Year Built 2021
Buildings 1
Acreage 1.470
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/19/2022
Ownership Fee Simple

Retail | 6.50% CAP | 4,750 SqFt

Marketing description

Located along the rapidly growing Kuykendahl Road corridor in southern Tomball, Texas, the Property benefits from its position within one of the Houston metropolitan area's most affluent and fastest-expanding suburban trade areas. Situated near the intersection of Kuykendahl Road and FM 2920, the site enjoys strong visibility and convenient access to major commuter routes serving Tomball, Spring, The Woodlands, and northern Harris County. Continued residential development, population growth, and expanding commercial activity have established the corridor as a highly desirable location for convenience retail and fuel service operators seeking consistent daily traffic and a growing customer base.

The Property is strategically positioned within the greater Houston MSA, the nation's fifth-largest metropolitan area and one of the country's most dynamic economic regions. The surrounding area is supported by a diverse employment base spanning energy, healthcare, logistics, advanced manufacturing, technology, and professional services. Nearby employment centers including The Woodlands, ExxonMobil's Houston Campus, and numerous healthcare and corporate facilities generate substantial commuter traffic throughout the corridor. Strong household incomes, increasing residential density, and continued retail expansion contribute to sustained demand for convenience stores, fuel stations, and quick-service retail offerings.

Investment highlights

  • Corporate-Guaranteed Lease: Lease is guaranteed by 7-Eleven, Inc. (S&P: A-), providing investment-grade credit backing regardless of the operator on site.
  • Absolute Net Lease: Zero landlord responsibilities, tenant responsible for roof and structure.
  • Long-Term Remaining Lease: Over 11 years remaining on the primary term, with five, 5-year renewal options.
  • Built-In Rent Growth: 7.5% rental increases every five years and 7.5% in options, providing a hedge against inflation.
  • 2021 Construction: Modern ±4,750 SF building with a single-row canopy, 8 fueling positions, and 16 pumps on ±1.47 acres.
  • High-Growth Houston Submarket: Located at the signalized intersection of Kuykendahl Rd and Dowdell Rd (combined ±40,373 VPD), minutes from Grand Parkway Toll Road (±80,022 VPD).
  • Strong Demographics: 177,112 residents and 145,707 employees within a 5-mile radius; average household income of $143,129.
  • Dense Retail Trade Area: Surrounded by Target, TJ Maxx, Burlington, Home Depot, Kroger Marketplace, CVS, and Grand Parkway Marketplace (75-acre development).
  • Fee Simple Ownership: Potentially eligible for bonus depreciation — consult your CPA or tax professional.

Listing Contacts

CK
CA 01911198
Matthews
KP
CA 01949749
Matthews
MT
NY 10401388321
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$384,248.00
$32,020.67/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Patrick Graham
License
528005
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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