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20-Year Absolute NNN Gas & C-Store Houston Me 4901 W Pasadena Blvd 3,000 SF Retail Building Deer Park, TX 77536 $2,300,000 ($766.67/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-year absolute NNN lease featuring 10% rent increases every five years and four (4) additional five-year renewal options.
- 1,600 apartment units within 1.5 miles
- 4.5 miles to Walmart, 20 miles to Downtown Houston, and 9 miles to Hobby Airport with 14M passengers in 2023.
- Thriving community with nearly 200k residents and an $80k average household income within 5 miles.
- Prime frontage to 12,000+ VPD
EXECUTIVE SUMMARY
Century Partners is pleased to offer a 20-Year Absolute NNN Gas & C-Store investment opportunity in the Houston Metro.
The property is secured by a brand-new 20-year absolute NNN lease featuring 10% rent increases every five years and four (4) additional five-year renewal options, providing investors with long-term income stability and built-in rent growth. The tenant, Viper Fuels, is a seasoned Houston-based operator with a portfolio of five units and a proven track record in the market.
This strong-performing location benefits from robust in-store sales and fuel volume and is strategically positioned along a major commuter route with consistent daily traffic. The site is further enhanced by its proximity to two major schools, driving steady consumer demand throughout the day.
As an added value component, the seller is allocating $100,000 from sale proceeds toward building improvements and upgrades, enhancing the long-term durability and appeal of the asset. This offering presents an excellent opportunity to acquire a passive, high-quality retail investment in one of the nation’s most resilient and growing metropolitan areas.
The property is secured by a brand-new 20-year absolute NNN lease featuring 10% rent increases every five years and four (4) additional five-year renewal options, providing investors with long-term income stability and built-in rent growth. The tenant, Viper Fuels, is a seasoned Houston-based operator with a portfolio of five units and a proven track record in the market.
This strong-performing location benefits from robust in-store sales and fuel volume and is strategically positioned along a major commuter route with consistent daily traffic. The site is further enhanced by its proximity to two major schools, driving steady consumer demand throughout the day.
As an added value component, the seller is allocating $100,000 from sale proceeds toward building improvements and upgrades, enhancing the long-term durability and appeal of the asset. This offering presents an excellent opportunity to acquire a passive, high-quality retail investment in one of the nation’s most resilient and growing metropolitan areas.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,000 SF
Building Class
C
Year Built
1975
Price
$2,300,000
Price Per SF
$766.67
Cap Rate
8.50%
NOI
$195,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.44 AC
Opportunity Zone
Yes
Frontage
AMENITIES
- 24 Hour Access
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Diamond Shamrock
- Services
-
99,999 SF
-
$9.99
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Diamond Shamrock | Services | 99,999 SF | $9.99 | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0572280000013 | Improvements Assessment | $443,486 |
| Land Assessment | $154,896 | Total Assessment | $598,382 |
PROPERTY TAXES
Parcel Number
0572280000013
Land Assessment
$154,896
Improvements Assessment
$443,486
Total Assessment
$598,382
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20-Year Absolute NNN Gas & C-Store Houston Me | 4901 W Pasadena Blvd
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