7220 Magnolia Pkwy
Pearland, TX
Price:
$5,617,000
Cap Rate:
4.75%
NOI:
$266,797
Building Size:
Approx. 4,842 Sq. Ft.
Lot Size:
Approx. 1.57 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2018
Investment Overview
- 2020 Construction. 4,842+/- SF Building on 1.57+/- Acre Site
- New 15-Year Abs NNN Lease with 10% Rent Bump Every 5-Years
- Located along Magnolia Pkwy (12K VPD) & Manvel Rd (11K VPD)
- Signalized Intersection | Across CVS, near new home communities
- Proximity to multiple schools with estimated 2,693 student enrollment
- Pearland is a suburb of Houston and second-fastest growing city in Texas
- Strong Income Demos w/ $116,735 within a 3-Mile Radius of subject property
- Greater Houston (MSA) | 5TH Largest MSA in the U.S. | Population: 7M+