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2600 S Richey St
Houston, TX 77017
7-Eleven Subleased to Richey Eagle Mart · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NET LEASE | NO LANDLORD RESPONSIBILITIES: The property is secured by a 15-year absolute NNN lease with 10.3 years remaining.
- HIGH-TRAFFIC LOCATION IN HOUSTON, TX | 2ND FASTEST GROWING MSA IN U.S.: Positioned in a dense retail corridor with significant daily traffic.
- HOUSTON MSA | THIRD-LARGEST METRO ECONOMY IN THE U.S.: Houston’s MSA has a population of approx. 7.5 million & is home to 23 Fortune 500 headquarters.
- ATTRACTIVE RENTAL GROWTH & RENEWAL OPTIONS: 10% rent increases every 5 years, with four (4) five-year renewal options.
- GLOBAL BRAND WITH STRONG CORPORATE GUARANTY: Leased to 7-Eleven, Inc. A Texas Corporation, the world’s largest convenience store chain.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,010 SF
Building Class
C
Year Built
2021
Price
$4,400,000
Price Per SF
$1,461.79
Cap Rate
6.50%
NOI
$286,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.95 AC
Zoning
Commercial
Parking
28 Spaces (9.3 Spaces per 1,000 SF Leased)
Frontage
147’ on South Richey Street
PROPERTY TAXES
| Parcel Number | 0451690000172 | Improvements Assessment | $875,184 |
| Land Assessment | $592,830 | Total Assessment | $1,468,014 |
PROPERTY TAXES
Parcel Number
0451690000172
Land Assessment
$592,830
Improvements Assessment
$875,184
Total Assessment
$1,468,014
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