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+