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NNN Freestanding 7-Eleven | Huston, TX 1206 Barker Cypress Rd 4,842 SF Retail Building Houston, TX 77084 $3,533,000 ($729.66/SF) 5% Cap Rate
Investment Highlights
- DENSE & AFFLUENT HOUSTON TRADE AREA
- 10 YEARS OF REMAINING TERM WITH EMBEDDED RENT GROWTH
- HIGH-TRAFFIC SIGNALIZED LOCATION ALONG I-10
Executive Summary
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
- ?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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,842 SF
Building Class
B
Year Built
2021
Price
$3,533,000
Price Per SF
$729.66
Cap Rate
5%
NOI
$176,660
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.84 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 4,842 SF
- -
- Aug 2036
7-Eleven began in 1927 as the Southland Ice Company in Dallas and later grew into the 7-Eleven convenience brand. The company operates convenience retail stores and a franchise system, with banners and brands that include Speedway, Stripes, Laredo Taco Company, and Raise the Roost Chicken & Biscuits, while also offering signature food and drink items such as Slurpee and Big Gulp beverages. 7-Eleven continues as a global convenience retailer and remains focused on fast, everyday shopping across a wide network of stores.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 4,842 SF | - | Aug 2036 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1502050010004 | Improvements Assessment | $1,108,132 |
| Land Assessment | $920,200 | Total Assessment | $2,028,332 |
Property Taxes
Parcel Number
1502050010004
Land Assessment
$920,200
Improvements Assessment
$1,108,132
Total Assessment
$2,028,332
Contacts
-
Eric Suffoletto -
David Hoppe -
Danny Griffin -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Kendra Doherty -
Connor Kuchman -
Atlantic Capital Partners
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NNN Freestanding 7-Eleven | Huston, TX | 1206 Barker Cypress Rd
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