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1324 Harris Ave
Pasadena, TX 77506
Abs. NNN Lease Conoco | Houston, TX · Retail Property For Sale
Investment Highlights
- 18 Years Remaining on Absolute NNN Lease; 12.5% Rent Increases Every 5 Years in Primary Term and Option Periods
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with a Tax Professional)
- Dense Infill Houston, TX Location; Over 253,000 Residents within 5 Miles; Over 10,250 Cars Per Day along Harris Avenue Road
- Strong Lease Guaranty; 80+ Unit Operator; Contact Broker for Details
- Large 9,000 Square Feet Convenience Store with 8 Pumps; Oversized 1.25 Acre Lot
- Transportation Fuel and Maintenance is the 2nd Highest Consumer Expenditure within 1 Mile: ~28.5% of all Spending
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,000 SF
Building Class
B
Year Built
2011
Price
$5,963,000
Price Per SF
$662.56
Cap Rate
7%
NOI
$417,431
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.08 AC
Parking
30 Spaces (3.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 0720800050003 | Improvements Assessment | $1,661,358 |
| Land Assessment | $703,185 | Total Assessment | $2,364,543 |
Property Taxes
Parcel Number
0720800050003
Land Assessment
$703,185
Improvements Assessment
$1,661,358
Total Assessment
$2,364,543
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