Log In/Sign Up
Your email has been sent.
750 Buffalo Run
Missouri City, TX 77489
Abs. NNN Lease Phillips 66 | 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 1,300,000 Residents within 10 Miles; Positioned on the Corner of Buffalo Run and Fondren Road; 39,500 Cars per
- Strong Lease Guaranty; 80+ Unit Operator; Contact Broker for Details
- Large 7,251 Square Feet Convenience Store with 13 Pumps
- Stable and Growing Population, with 9.12% Projected Population Growth from 2024-2029 within 3 Miles
Executive Summary
750 Buffalo Run in Missouri City, Texas, offers a prime retail investment with a long-term absolute NNN lease. The property is leased to Phillips 66 with nearly 19 years remaining, ensuring stable income and predictable rent escalations of 12.5% every five years.
This modern convenience store and fueling station, built in 2023, sits on a high-visibility corner with strong traffic counts and excellent access to the Houston metro area. The site benefits from a dense population base and projected growth, making it an attractive, income-producing asset for investors seeking security and long-term value.
This modern convenience store and fueling station, built in 2023, sits on a high-visibility corner with strong traffic counts and excellent access to the Houston metro area. The site benefits from a dense population base and projected growth, making it an attractive, income-producing asset for investors seeking security and long-term value.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
7,251 SF
Building Class
B
Year Built
2023
Price
$7,043,000
Price Per SF
$971.31
Cap Rate
7%
NOI
$493,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.83 AC
Zoning
NX - Neighborhood Mixed-use
Amenities
- Signage
Property Taxes
| Parcel Number | 0626-00-000-1420-907 | Improvements Assessment | $1,948,725 |
| Land Assessment | $126,361 | Total Assessment | $2,075,086 |
Property Taxes
Parcel Number
0626-00-000-1420-907
Land Assessment
$126,361
Improvements Assessment
$1,948,725
Total Assessment
$2,075,086
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
