7-Eleven Pearland, TX

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+