Listed by Trinity Real Estate Investment Services
$5,266,670
United Lone Enterprises
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 4,195
Cap Rate 7.50%
NOI $395,000
Tenancy Single
Brand/Tenant 7-Eleven, Circle K
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/31/2046
Remaining Term 19.7
Rent Bumps Yes
Lease Options Four (4), 5-Year; 2% Annually
Price per SqFt $1,255
Year Built 2000
Year Renovated 2025
Buildings 1
Acreage 0.930
Investment Type Net Lease
Lease Commencement 04/01/2026
Ground Lease No
Ownership Fee Simple
Retail | 7.50% CAP | 4,195 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a United Lone Enterprises in Highlands, TX. The subject property is within Houston MSA and has a long term absolute NNN lease with annual increases. It is situated on corner lot with 3 separate access points.
Property Website: https://trinityreis.com/listing/2404-e-wallisville-rd/
Investment highlights
- United Lone Enterprises Backed C-Store in Highlands, TX (Houston MSA)
- Long Term Absolute NNN Lease With Annual Increases
- 19 Years Remaining With 2% Annual Rental Increases
- Situated on Corner Lot With 3 Separate Access Points
- Explosive Growth in Region - Population Has Increased Over 50% Since 2010 Within 5 Miles of Subject Property
- 75,000 Residents Within 5 Miles
- Fee Simple Ownership Qualifying for Bonus Depreciation
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$395,000.00
$32,916.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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