904 W Davis St - Freestanding FOR SALE


Conroe, TX 77301
$3,122,000 USD
972-755-5205
904 W Davis St, Conroe, TX for Sale
$3,122,000 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

904 W Davis St
Conroe, TX 77301


HIGHLIGHTS

  • Gas Station and C-Store Owner/User Opportunity
  • Absolute Net Lease with 10.6 Years Remaining and a 10 Percent Rental Escalation in 2030 - Allows New Owner to Reposition Without Incurring NNN Costs
  • Attractive 2020 Brick Construction
  • Excellent Access and Visibility on West Davis Street (27,758 VPD) Near Interstate 40 (129,351 VPD)
  • Upside Potential - No Fuel Contract

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease 7-Eleven in Conroe, TX. The property consists of a 3,175-square-foot, freestanding building that sits on approximately 0.75 acres of land. There are 10.6 years remaining on the lease with 10% rental increases every 5 years.

FOR SALE DETAILS

PRICE

$3,122,000 USD

PRICE/SF

$983 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven (Dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

5700-00-00100

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.