7-Eleven Friendswood, TX

1651 West Parkwood Avenue
Friendswood, TX

Price: $7,503,000
Cap Rate: 5.00%
NOI: $375,147
Building Size: Approx. 7,500 Sq. Ft.
Lot Size: Approx. 1.63 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built / Renovated: 2011 / 2019

Investment Overview

  • 2019 Remodel 7,500+/- SF Building on 1.63+/- Acre Site
  • New 15-Yr Corp. NNN Lease with 10% rent increases every 5-years beginning year 6
  • Strategically located along Parkwood Ave. (29,000 VPD) which provides excellent visibility to the subject property
  • Within a 1-mile radius of the property features above average household income of approximately $172,521
  • There are several national credit tenants in the immediate trade area including HEB, 24-Hour Fitness, Discount Tire, Jiffy Lube, AutoZone, and many more
  • Approximately 114,791 people live within a 5-mile radius of the subject 7-Eleven
  • The city of Friendswood, TX is located approximately 24-miles of southeast downtown Houston, TX