Hammerly Blvd & Texas 8 Beltway
Houston, TX
Price:
$10,565,000
Cap Rate:
4.25%
NOI:
$449,000
Building Size:
Approx. 4,500 Sq. Ft.
Lot Size:
Approx. 1.98 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built / Renovated:
2000 / 2022
Investment Overview
- 2022 Renovation. 4,500+/- SF Building on 1.98+/- Acre Site
- Brand New 15 Yr Abs. NNN Lease w/ 7.5% Rent Bumps Every 5 Yrs
- 7-Eleven (S&P A Credit Rating) | Largest Retailer in the World
- Across from Chick-fil-A | Signalized Intersection of Hammerly Blvd & Beltway 8 (160K VPD)
- Rare High Speed Diesel on Beltway 8 with Little Truck Stop Competition Nearby
- Strong Income Demos w/ an est. $125,327 within a 5-Mile Radius
- Houston | 5th Largest MSA in the United States | MSA Population: 2.33 Million+