7411 Long Point Rd
Houston, TX
Price:
$5,731,000
Cap Rate:
5.20%
NOI:
$298,000
Building Size:
Approx. 3,299 Sq. Ft.
Lot Size:
Approx. 0.617 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2022
Investment Overview
- 2022 Construction. 3,299+/- SF Building on 0.617+/- Acre Site
- New 15-Yr. Absolute NNN Corporate Lease w/ 7.5% Rent Bumps Every 5 Years in Both Primary Term & (5) 5-Yr. Options
- Located Just 1.25 Miles North of I-10 (340,000+ VPD), at Hard Corner of Antoine & Long Point Rd (35,000+ VPD)
- Close to Many K-12 Schools – 0.35 Miles from Houston Elementary (505 Students) & w/in 1.5 Miles from 10 Other Schools (4,100 Students)
- Affluent Trade Area – 5-Mile Population is 380,000+ w/ an Average HH Income Over $133,000
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Houston | 4th Fastest Growing MSA in the Nation | Population: 2.3M+