7-Eleven Pasadena, TX

7303 Fairmont Pkwy
Pasadena, TX

Price: $6,376,000
Cap Rate: 5.00%
NOI: $318,792
Building Size: Approx. 4,650 Sq. Ft.
Lot Size: Approx. 1.42 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2020

Investment Overview

  • 2020 Construction. 4,650+/- SF Building on 1.42+/- Acre Site
  • 10 Years Remaining on Abs. NNN Lease with 10% Rental Increases Every 5 Years in both the Primary Term and (4) 5-Year Options
  • Attractive Tax Advantages via reinstated Bonus Depreciation
  • Strong Signalized Corner Location with 59,000+ VPD Center Street and Fairmont Pkwy Serve as Primary Thoroughfares
  • Excellent Population Density the 5-Mile Radius Population Exceeds 200,000 People
  • 7-Eleven Is the Largest Convenience Retailer in the World with 85,000+ Stores in 20 Countries
  • Pasadena | Located in the Houston, TX MSA | MSA Population: 7.7M+

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