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12405 S Gessner Rd
Houston, TX 77071
Abs. NNN Lease Chevron | Houston, TX · Retail Property For Sale
Investment Highlights
- 13+ Years Remaining on Primary Term; Original 15 Year Lease; Absolute NNN Lease; Land + Building Ownership
- Robust Multi-Unit Guarantor with Strong Financials (Contact Broker for Details); Strong Unit-Level Performance (Contact Broker for Details)
- Recent Property Improvements Paid by Tenant in 2019; Four (4), Five (5) Year Option Periods
- Excellent Hedge Against Inflation; 12.50% Increases Every 5 Years; Qualifies for Bonus Depreciation (Contact CPA for Details)
- Hard Four-Way Signalized Corner; Combined 31.5k Cars Per Day; 3,030 SF Convenience Store with 8 Existing Fuel Pumps
- Affluent and Dense Demographics: 420k Population within 5 Mile Radius; 147k Households within 5 Mile Radius; $96k AHHI within 10 Mile Radius
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,030 SF
Building Class
C
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Frontage
Amenities
- Pylon Sign
- Monument Signage
Property Taxes
| Parcel Number | 1292750010001 | Improvements Assessment | $556,517 |
| Land Assessment | $449,085 | Total Assessment | $1,005,602 |
Property Taxes
Parcel Number
1292750010001
Land Assessment
$449,085
Improvements Assessment
$556,517
Total Assessment
$1,005,602
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