7-Eleven Houston, TX

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+

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