7-Eleven Conroe, TX

904 W Davis St
Conroe, TX

Price: $3,942,000
Cap Rate: 4.75%
NOI: $187,263
Building Size: Approx. 3,175 Sq. Ft.
Lot Size: Approx. 0.72 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2020

Investment Overview

  • 2020 Construction 3,175+/- SF Building on 0.72 +/- Acre Site
  • New 15-year Corporate Absolute NNN Lease with 10% rent increases every 5-years, starting in year 11
  • Strategically located along West Davis St. in dense retail corridor (25,400 VPD)
  • As of 3/23/2020, 7-Eleven Stores Plan to Add 20K Jobs to Meet Demand
  • Subject Property is located near many Regional Headquarters including Exxon
    (10,000 employees), McKesson (76,000 employees), Hewlett-Packard (55,000
    employees) and Baker Hughes (10,000 employees).
  • Greater Houston (MSA) | 5th┬álargest MSA in the U.S. | Population 7M+