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7-Eleven - Houston, TX 7677 Gessner Rd 5,112 SF Retail Building Houston, TX 77040 $5,579,000 ($1,091.35/SF) 5% Cap Rate
Investment Highlights
- 8+ Years Remaining | Scheduled Rental Increases | Established Brand
- Dense Retail/Industrial Corridor | Strong National/Credit Tenant Presence | Nearby Schools
- Strong Demographics In 5-mile Trade Area | Six-Figure Incomes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Sam Houston Tollway | Excellent Visibility & Access
Executive Summary
• The tenant currently has 8+ years remaining on their initial lease with
5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 7.50% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• 7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada
5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 7.50% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• 7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 14,000 stores in the U.S. and Canada
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,112 SF
Building Class
C
Year Built
2015
Price
$5,579,000
Price Per SF
$1,091.35
Cap Rate
5%
NOI
$278,963
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.69 AC
Zoning
Commercial
Parking
36 Spaces (7.04 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 1262390010001 | Improvements Assessment | $1,135,211 |
| Land Assessment | $1,008,040 | Total Assessment | $2,143,251 |
Property Taxes
Parcel Number
1262390010001
Land Assessment
$1,008,040
Improvements Assessment
$1,135,211
Total Assessment
$2,143,251
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7-Eleven - Houston, TX | 7677 Gessner Rd
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