4646 Spencer Highway
Pasadena, TX
Price:
$6,372,000
Cap Rate:
4.30%
NOI:
$274,000
Building Size:
Approx. 4,842 Sq. Ft.
Lot Size:
Approx. 1.022 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 4,842+/- SF Building on 1.022+/- Acre Site
- Brand New 15 Yr. Corporate Absolute NNN Lease w/ RARE 10% Rent Increases
- Located at the Hard Corner of Spencer Highway and Preston Road (51K VPD)
- Near Kroger, Petco, Dollar General, CVS, Kohl’s, Target, Hobby Lobby, Office Depot
- Strong Income Demos with $76,686 within a 1-mile Radius
- Pasadena | Located in the Houston MSA | Houston Population: 2.33MM