12835 Telge Rd - Convenience Store FOR SALE


Cypress, TX 77429
$7,349,000 USD
972-755-5205
12835 Telge Rd, Cypress, TX for Sale
$7,349,000 USD
Convenience Store - FOR SALE
1/4
null | 6% Cap Rate

12835 Telge Rd
Cypress, TX 77429


HIGHLIGHTS

  • Gas Station and C-Store Owner/User Opportunity
  • Absolute Net Lease with 10.6 Years Remaining – 10% Rental Escalation in 2030 – $4.7M in Future Rent Obligations
  • Attractive 2020 Construction - Extensive Development Activity in the Last 5 Years Surrounding the Property
  • Affluent Trade Area - Average Household Income is $134,411 Within a 3-Mile Radius

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire an absolute lease 7-Eleven in Cypress, TX. The property consists of a 4,739-square-foot, freestanding building that sits on approximately 2.07 acres of land. There are 10.6 years remaining on the lease with 10% rental increases every 5 years.

FOR SALE DETAILS

PRICE

$7,349,000 USD

PRICE/SF

$1,551 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven (Dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

C

APN/PARCEL ID

1504700010004

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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