Farm to Market Road 529 & Jones Rd, TX
Price:
$9,086,423
Cap Rate:
5.20%
NOI:
$472,494
Building Size:
Approx. 4,650 Sq. Ft.
Lot Size:
Approx. 3.9 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2023
Investment Overview
- 2023 Construction. 4,650/- SF Building on 3.90+/- Acre Site
- Brand New 15 Year Corporate Absolute NNN Lease w/ 7.5% Rental Increases
- Excellent Signalized, Hard Corner Location off of FM 529 (32K VPD) & Jones Rd (13K VPD)
- Large Format 7-Eleven Featuring a Laredo Taco, 8 Regular MPDs, and 5 Diesel MPDs
- Strong Income Demos w/ an est. $125,600 Within One Mile of Subject Property
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Houston | 5th Largest MSA in the US | Population: 2.33MM+
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