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7-Eleven 21810 Kuykendahl Rd 4,500 SF Retail Building Spring, TX 77389 $6,546,241 ($1,454.72/SF) 5.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease offers 10% rental increases every 5 years providing a strong hedge against inflation.
- Investment Grade Credit: 7-Eleven has an S&P rating of A.
- 100% accelerated bonus depreciation has been restored in light of new tax legislation.
- Property will benefit from the excellent surrounding demographics, with a 5-mile population of 229,755 earning an average household income of $145,320
EXECUTIVE SUMMARY
Long Term Commitment: The Property is a rare, fee simple convenience store on a 15- year absolute NNN Lease backed by S&P “A” rated credit. Just under 10 years remain in the primary term, and the five, five-year options extend into 2060.
Strategic Position: With frontage on Kuykendahl Road, the Property will benefit from exposure to the nearly 32,000 vehicles per day. Additionally, the Property is one minute from Grand Parkway/TX-99, which experiences more 59,000 vehicles per day and connects the Property to Houston via Interstate 45.
Strategic Position: With frontage on Kuykendahl Road, the Property will benefit from exposure to the nearly 32,000 vehicles per day. Additionally, the Property is one minute from Grand Parkway/TX-99, which experiences more 59,000 vehicles per day and connects the Property to Houston via Interstate 45.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
B
Year Built
2020
Price
$6,546,241
Price Per SF
$1,454.72
Cap Rate
5.40%
NOI
$353,497
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.79 AC
Zoning
C2 - Commercial
Parking
1,546 Spaces
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1390130010001 | Improvements Assessment | $8,232,928 |
| Land Assessment | $11,993,714 | Total Assessment | $20,226,642 |
PROPERTY TAXES
Parcel Number
1390130010001
Land Assessment
$11,993,714
Improvements Assessment
$8,232,928
Total Assessment
$20,226,642
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7-Eleven | 21810 Kuykendahl Rd
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