10670 Little York rd - Convenience Store FOR SALE


Houston, TX 77041
$5,538,000 USD
214-675-0175
10670 Little York rd, Houston, TX for Sale
$5,538,000 USD
Convenience Store - FOR SALE
1/3
null | 5% Cap Rate

10670 Little York rd
Houston, TX 77041


HIGHLIGHTS

  • 15-Yr Corporate Abs. NNN Lease w/ Rare 10% Rent Bumps Every 5 Yrs., Starting Yr. 6 in Primary Term & Yr. 16 in Options
  • Signalized, Hard Corner Location at the Intersection of W Sam Houston Pkwy N (18,400 VPD) and W Little York Rd (26,300 VPD)
  • Subject Property is Located in a Dense Industrial Corridor and Surrounded by Several Large Industrial Tenants
  • High Growth Trade Area in Houston, Surrounded by Over 257,000 Residents Living Within a 5 Mile Radius
  • 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
  • Houston | 5th Largest Metro in the U.S. | Population: 2.33M+

OVERVIEW

Rare NNN lease with 10% rent increases every 5-years, starting year 6 in primary term and year 16 in options. Excellent Signalized, Hard Corner Location at the intersection of W Sam Houston Pkwy N (18,400 VPD) and W Little York Rd (26,300 VPD). Subject property is located directly off of the Sam Houston Tollway (120,800 VPD), which is an 88-mile beltway around the city of Houston, near the intersection of Sam Houston Tollway and U.S. 290 (76,600 VPD). Large Format 7-Eleven - Sitting on 0.95 acre parcel, new store features a Laredo Taco, 33 parking stalls (including 2 handicap stalls), and 5 MPDs

FOR SALE DETAILS

PRICE

$5,538,000 USD

PRICE/SF

$1,191 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven w/ Laredo Taco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

F1

APN/PARCEL ID

1248460010001

ASK ABOUT THIS PROPERTY

Matthew ScowSecure Net LeaseMore Info
214-675-0175

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Matthew ScowSecure Net LeaseMore Info
214-675-0175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.