Retail    

Mobil Gas Station
(7-Eleven Guarantee)

 Spring (Houston), Texas

Asking Price

$6,800,000

Cap Rate

5.20%

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Expenses

Abs. NNN

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Year Built

2020

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Lease Type

Fee Simple

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NOI

$353,497

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Rent Increases

10% Every 5 Years

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Acreage

1.79 AC

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Investment Grade Guarantee (S&P: A) | World’s Largest C-Store Brand
  • Eligible for Bonus Depreciation
  • Large 1.79-Acre Parcel at Signalized Entrance of Grand Parkway Marketplace I & II | 4.7M Annual Visits
  • Absolute NNN Lease with No Landlord Responsibilities | 10% Rent Increases
  • Long-Term, Fee Simple Lease Guaranteed by 7-Eleven
  • Frontage on Kuykendahl Road (32K VPD) | 1 Minute From Grand Parkway (59K VPD)
  • Excellent Local Demographics | 229,755 Residents Within 5 Miles | $145,320 Average HH Income
  • Houston Suburb | Minutes from The Woodlands and ExxonMobil Campus

Exclusively Listed By

Brad Moulder

Senior Vice President
  bmoulder@northmarq.com      918.794.9551

Ryan Butler

Regional Managing Director
  rbutler@northmarq.com      918.794.9523

Anne Perrault

Vice President
  aperrault@northmarq.com      918.794.9538

David Annett

Associate Vice President
  dannett@northmarq.com      918.794.9514

Brandon Sherrill

Senior Associate
  bsherrill@northmarq.com      918.794.9558

Joe Habighorst

Lead Investment Analyst
  jhabighorst@northmarq.com   

Lindsey Vedros

Operations Analyst
  lvedros@northmarq.com   

In Association With:

Brett Butler

TX Broker License #558227

Northmarq

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