10670 W Little York Rd
Houston, TX
Price:
$4,615,000
Cap Rate:
6.00%
NOI:
$276,878
Building Size:
Approx. 4,650 Sq. Ft.
Lot Size:
Approx. 0.95 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2022
Investment Overview
- 2022 Construction, Former Large Format 7-Eleven – 4,650+/- SF Building on 0.95+/- Acre Site
- 12 Yrs. Remaining on 7-Eleven Corporate Lease. Rare NNN Lease w/ 10% Rent Bumps Every 5 Yrs., Starting Yr. 6 in Primary Term & Yr. 16 in Options
- Signalized, Hard Corner Location at the Intersection of W Sam Houston Pkwy N (18,400 VPD) and W Little York Rd (26,300 VPD)
- Subject Property is Located in a Dense Industrial Corridor and Surrounded by Several Large Industrial Tenants
- High Growth Trade Area in Houston, Surrounded by Over 257,000 Residents Living Within a 5 Mile Radius
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores; Time Maxx 28+ Locations in Greater Houston Area
- Houston | 5th Largest Metro in the U.S. | Population: 2.33M+