7-Eleven Conroe, TX

5500 West Davis Street
Conroe, TX

Price: $7,265,000
Cap Rate: 5.00%
NOI: $363,246
Building Size: Approx. 7,600 Sq. Ft.
Lot Size: Approx. 1.69 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built / Renovated: 2017 / 2019

Investment Overview

  • 2017 Construction w/ 2019 Remodel 7,600+/- SF Building on 1.69+/- Acre Site
  • 15-Year Corporate Absolute NNN Lease with 10% rent increases every 5-years
  • Strategically located along Davis St. (28,000 VPD) in Conroe, TX
  • The trading area features above average household incomes of approximately $113,581 within a 1-mile radius of the subject property
  • The subject property is located 44-miles north of downtown Houston, TX and notable national credit tenants within the trade area include HEB, ALDI, CVS, McDonald’s, Chicken Express, AT&T, Subway, and many more
  • 7-Eleven is the largest chain store operator with approximately 65,000+ locations operating around the world

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